The more I hear about MAC’s desire to NATIONALIZE EVERYTHING the less and less I like him. How can this man continue to say he is a conservative? I nearly drove my truck off the road when I heard him suggest spending $300 Billion of borrowed Chi-Com money to buy up “toxic mortgages.” How in the hell is this man…Read More »
A question I haven’t heard answered is whether or not any bailout proposition asks that the bad lending practises implemented during the Clinton era will be repealed. I have read a lot about how the banks are in trouble (in part) because they were asked by Bill Clinton to give high risk loans to high risk people in order to…Read More »
People are still questioning this?
It is written into the bailout bill in plain English; yet people are in voluntary denial and debate among themselves all the imaginary egalatarian reasons to support this theft.
If this does not make you furious than you are just plain dense and unworthy of any consideration.
They took your jobs, they took your home…
Just in time to be too late to influence the hurried congressional vote, it appears hard evidence is now emerging that the entire liquidity “crisis” is being manufactured. Add this to the list of 100 economists that advise that doing NOTHING is the only sane course: So how about that trillion dollar “defense” budget that passed yesterday with so little…Read More »
Its like Christmas in September in Washington DC these days, at least it is if you own a large multinational corporation.
Hundred billion here and a zillion billion there.
The automakers obviously dont rate very highly as they only found 25 billion in their stocking this morning BUT ..
There is the promise of more to come …
Unbelievable… Barack Obama, having spurned John McCain’s offer of a temporary stand-down of campaign activities in order for them both to do the right thing, to concentrate their efforts on resolving the most pressing matter to come before congress since Obama was elected, tonight accepted an offer by President Bush to attend a meeting at the White House tommorrow. I’m…Read More »
There is no libertarian solution to the crisis. Houses are too expensive; supply exceeds demand; the mortgages held have been sold and the resulting mortgage asset has been used as collateral and leveraged. You can either hope for a new housing boom or else try to slow the decline with some kind of market supports or simply stand…Read More »