Category Archives: bailout

Both types of greed are toxic

Greed for political power and greed for money are both toxic. When you combine them you get a financial crisis of earthshattering proportions. Read the greed for politcial power argument over at Hot Air where Ed Morrissey analyzes a 1999 … Continue reading

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Bailout bill fails

I don’t know if the bailout bill is a good or bad scheme. For the short term it is probably good, but I have little idea regarding the long term implications. Raising the debt ceiling by more than 10% with … Continue reading

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Washington Mutual ad received today

The advertisement below was part of an e-mail I received today… I don’t think that will happen again!

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How much is a dollar worth?

“Dr. Doom”, Marc Faber believes $700 billion isn’t close to enough. Marc Faber, editor & publisher of ‘The Gloom, Boom & Doom Report’, told CNBC’s Asia Squawk Box on Friday, he doubts that $700 billion would make any difference when … Continue reading

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Washington Mutual closed by government

Perhaps the closing of Washington Mutual by the government, the largest US bank failure ever, will spur our lawmakers to act on the bailout bill.

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Cost of government bailout

The cost of the government bailout of the Wall Street and the US financial system is $2500/person according to libertarian Radney Balko. I agree with his conclusions as well. Wall Street firms took idiotic risks but they were pushed/incentized to … Continue reading

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