Sep
30
2008
A record drop of nearly 800 points one day, a huge rise of nearly 500 points the next. “Volatile” is too soft a word for jolts like that. And all because Wall Street wants handouts from taxpayers.
They throw a tantrum when the legislators balk, then dance on the trading floor when there’s a rumor the [...]
Sep
27
2008
As Mr. Rogers used to say, “Can you spell bankrupt?” By the time Fall Street, er, Wall Street, allied with their government lackeys, gets through with us, we won’t even have a sweater against the coming long winter of (economic) discontent.
Financial institutions got greedy, first with home equitly lines of credit (now over $1.1 trillion) [...]
Sep
18
2008
It Appears That Troopergate May Get Obama Elected: http://tinyurl.com/49mc6s. #
The Collapse of “Tickle Me Elmo” Economics: http://tinyurl.com/4bpnzw. #
Feds Consider Compounding Economic Blunders by Allowing Financial Firms to Escape Bad Debt:http://tinyurl.com/4hblsx. #
Powered by Twitter Tools.
Sep
18
2008
At the moment, our vaunted Federal financial whizzes are about to take a whiz in everybody’s beer. The formation of an “entity to absorb bad debt” will not only relieve bad decision-makers in our failing financial institutions to escape the consequences of their bad policies without so much as a bloody nose, this entity would [...]
Sep
17
2008
Rules for Bank Bailouts Unclear; Why Let Lehman Fail but Save AIG? http://tinyurl.com/58ty8u. Lehman a global disaster; they’re learning! #
Powered by Twitter Tools.
Sep
16
2008
Thought-Provoking Piece on Obama’s “Elephant in the Room” Issue: http://tinyurl.com/6pzp43. It’s not just fast fish with sharp teeth… #
Economic Storm Surges Ashore (Like Ike); Banks Falling Like New Year’s Drunks in a Gale: http://tinyurl.com/5a95yj. (Batten Down, Boys!) #
Powered by Twitter Tools.
Sep
15
2008
Big Dominos Fall Hard: http://tinyurl.com/6zab4w. Two storied firms dead in one go; and the Mortgage Calamity is just beginning… #
OhnObama Sees Lead Shrink in Deomcratic-Lock New York: http://tinyurl.com/6yab9c. He should have taken Clinton and let the women fight… #
Powered by Twitter Tools.
Sep
14
2008
Fannie, Freddie Now Worth 1%:http://tinyurl.com/6oem4r. Not really a bargain yet, though; they could both die even with bailout help… #
Powered by Twitter Tools.
Sep
13
2008
U.S. Treasury Draws Bailout “Line in Sand” at Lehman, for Now: http://tinyurl.com/42qfoq. (Wanna bet they fold?) #
Powered by Twitter Tools.
Sep
11
2008
Oil-for-Sex Scandal Explodes: http://tinyurl.com/449du5. (Maybe somebody’s upset that they didn’t get their share?) #
Where’s a Good Heart Attack When You Need One? Thug Mugabe Hangs On; http://tinyurl.com/3odgw9. #
You Don’t Have to be Bright or Sociall Conscious to be VP Candidate: http://tinyurl.com/4b5×94. #
Well, at Least She’s Confident: http://tinyurl.com/46ndc7. (If she’s a wacko she’ll fit right [...]
