Archives for September, 2008

Wow, just wow!  Hopefully they will stay in Washington and implement a plan that has a chance in hell of working. This is a rare victory ...

So far, the revised Paulson Plan looks very bad. Suspends mark-to-market pricing (not surprising, as it would BK many banks), allows banks to maintain ...

It is getting difficult to find this picture anymore: From a press conference held on June 3, 2003 — Pictured are Bush Administration officials from ...

We are at a critical juncture in our country's history.  Congress is being pressured to pass a bailout package that will cost the taxpayers trillions ...

Please read this, Petition: Economists against the Paulson Bailout Plan.

Here's the text of what I've been mailing and faxing to my Senators and Representatives in Congress.  Feel free to co-opt all or part of ...

Ok, gentle readers, this is THE moment we have to stop the largest fraud our Government has ever attempted to perpetrate on the taxpayers. ...

"How can we bailout Lehman without the public knowing about it?"  That's about the gist of the current thinking behind Bernanke & Paulson's latest scheming ...

Here's a great historical chart showing the DOW movements against the FED and Treasury interventions over the course of this crisis, good read (PDF): ...

Republican senator (and former Phillies Pitcher!) Jim Bunning calls for the resignations of Treasury Secretary Paulson and Federal Reserve Board Chairman Ben Bernanke. We no longer ...

Opining on the news of the Fannie Mae / Freddie Mac seizures by the Treasury Department, both Presidential candidates, as well as President Bush have ...

That is the sound of your party pilfering our bank accounts (socializing the losses), to pay for their bad investments. In the last twelve ...

Friday, after markets closed, word leaked that the Treasury will announce plans to nationalize Fannie and Freddie in the largest private bailout in our nation's ...

From The Economist: The FDIC will soon have to replenish its deposit-insurance fund, which collects premiums from banks and stood at around $53 billion before the ...