Category Archives: bailout

Fannie and Freddie belly up to the bar

Posted on May 10, 2010 by ChrisA

Feed me Seymour. Fannie and Freddie just can’t get enough. In case you’re keeping score, that would bring Fannie’s cash to almost $85 billion. Freddie has spent over $50 billion. Under the original terms of the bailout, they would have … Continue reading →

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Obama: It’s OK to borrow to pay for health care

Posted on June 10, 2009 by ChrisA

Not that he invented the concept, but best I can tell it’s OK to borrow to pay for damn almost anything. He surely has quickly become the King of borrowing money, but of course the previous administration made him do … Continue reading →

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Word to the wise (and to the U.S. Government)….

Posted on June 3, 2009 by ChrisA

“The market can stay irrational longer than you can stay solvent” — John Maynard Keynes From Economics of Contempt blog.

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Too much government

Posted on June 3, 2009 by ChrisA

Barbados and Jamaica, a case study. The experience of these two Caribbean nations holds lessons for governments, both large and small, grappling with the current global crisis, says Henry, the Konosuke Matsushita Professor of International Economics at the Stanford Graduate … Continue reading →

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Government can do everything

Posted on June 1, 2009 by ChrisA

As the citizenry relies more and more on the government, one must wonder if we can afford it. I say we cannot and this is why. For all you “it takes a village” folks, it’s time to add “it takes … Continue reading →

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“Just a little bit pregnant”

Posted on May 28, 2009 by ChrisA

In the space of less than two hours I heard that phrase twice on the TV today. First on Fast Money (CNBC) it was used in describing the banks and the government being in bed with each other. On the … Continue reading →

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Cavuto admits past mistakes

Posted on April 2, 2009 by ChrisA

April fools.

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Is it against the law?

Posted on March 31, 2009 by ChrisA

That’s a vital question and Glenn Beck takes on Connecticut attorney general Richard Blumenthal regarding exactly that when it comes to his bullying of AIG executives/employees receiving bonuses.

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The shot heard around the world

Posted on March 28, 2009 by ChrisA

That’s how Power Line describes Daniel Hannan’s takedown of Prime Minister Gordon Brown. They also ask the same question I am… And listening to him, I wonder: Where is our Daniel Hannan?

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Have 401k’s failed?

Posted on March 27, 2009 by ChrisA

Glenn Reynolds does a good job of framing the debate. Probably the only traditional type asset available to “joe investor” that has done ok are fixed and indexed annuities. Of course, these are all insurance products. Can you say “AIG”?

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The flip side of the AIG bonuses

Posted on March 25, 2009 by ChrisA

Jake DeSantis, executive VP at AIG shows the flip side of the hysteria over the AIG bonuses. You can read the entire letter here.

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Ludicrous and insane…

Posted on March 22, 2009 by ChrisA

Jim Rogers shares his opinion that the economic rescue plans being put forth by Gordon Brown and Barack Obama are “ludicrous and insane”. 1. The idea that you can solve a problem of too much debt and too much borrowing … Continue reading →

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Budget pork vs. AIG bonuses

Posted on March 21, 2009 by ChrisA

Commons Sense from Neil Cavuto… Selective rage. Played out before TV cameras capturing it all today. Politicians furious, absolutely furious, over the $165 million in bonuses doled out by AIG that represent less than a percent of the $175 billion … Continue reading →

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What strings come with TARP money

Posted on March 21, 2009 by ChrisA

Is it really the right thing to do, single out a group of people for a special tax? If it is, who will be the next target? John Hinderaker of the Power Line blog expounds on that theme… I’m stupefied … Continue reading →

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Printing money out of thin air…

Posted on March 19, 2009 by ChrisA

The International Herald Tribune chimes in on the Feds $1.2 trillion program. WASHINGTON: The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system … Continue reading →

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Keep your trillions straight!

Posted on March 19, 2009 by ChrisA

Is it for health care, climate change or buying mortgage backed securities?

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Don’t tread on me

Posted on March 12, 2009 by ChrisA

From Rochester, NY Tea Party. Haven’t I seen this somewhere else before?

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“Amen”

Posted on February 11, 2009 by ChrisA

Michelle Maulkin concludes…. It’s sacrilegious to say it in the Age of Obama, but it needs to be said: Home ownership is not an entitlement. Credit is not a civil right. Your property-value preservation is not my problem. Can I … Continue reading →

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Capitol Hill phone lines are a tad busy

Posted on February 5, 2009 by ChrisA

Seems like voters/citizens are getting sick and tired of politics as usual and are calling their representatives to complain. Here are a few highlights… It’s because of people like Betty Davidson. “I’m very upset!” exclaimed the 63-year-old from Laguna Hills, … Continue reading →

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Financial Bailout: How much Liquidity

Posted on December 30, 2008 by ChrisA

In the January issue of Stocks, Futures and Options magazine there’s a sidebar on how much liquidity has been pumped into the system. The numbers are from James Bianco of Bianco Research. He says, “In 2008, the Federal Reserve has … Continue reading →

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