Partners
Latest Comments
- DSLR Video – Syncing a Movie with External Audio in Adobe Premiere (2 comments)
- Help! My ph Meter is Broken (3 comments)
- Adobe is Going to Subscription Pricing for Photoshop and Other Creative Suite Apps (1 comments)
- Internet Sales Taxes, Version 42 (1 comments)
- Amazon Reviews You Can Use (1 comments)
- Turn Your WordPress/Blogger/LiveJournal Blog Into a Book or PDF (2 comments)
- Business Cards (1 comments)
- 90,000 Strong Botnet Trying to Break in to WordPress Sites (4 comments)
- iPhone 5 Battery Life (4 comments)
- Happy 1st Birthday, Charlie (1 comments)
Subscribe
Archives by Date
Tags
1911 amazon apple ar-15 bailout banks bbq biofuels bullshit artists california china climategate conversations d40 deficit dslr video facebook fdic flash photography global warming glock gold google guns and cameras inflation interest rates investing john edwards Lost million dollar ideas mortgage mess music videos nikon nikon d7000 obama pensions preparedness remington ruger silver smith and wesson the fed unions wordpress youtubeAdmin
-
Tag Archives: bailout
Bush administration, Federal Reserve lied about banks’ health in 2008
ABC News – Government Watchdog Says Treasury and Fed Knew Bailed-Out Banks Were Not Healthy: The Treasury Department and the Federal Reserve lied to the American public last fall when they said that the first nine banks to receive government … Continue reading
Saturn sale to Penske falls through
Via Patterico. The Saturn plant is in Spring Hill, TN, not far from where I live in Knoxville/Maryville. This is sad, but not unpredictable. Saturn has been in business almost 20 years and has yet to turn a profit. For … Continue reading
GM undoes paycuts to white collar employees
Well isn’t that special? Related: U.S. taxpayers are unlikely to recover their $81 billion investment in General Motors Co. and Chrysler Group LLC. Gee, can’t imagine why that would be. Here’s a crazy idea. Let failed business go under so … Continue reading
Indiana state pensions sue to stop Obama’s Chrysler deal
Obama’s plan for Chrysler demoted senior debt holders (whom he maligned as “speculators”) to benefit UAW union members. As a consequence of that decision Obama’s plan shortchanged police and teachers unions who had Chrysler investments in their pension funds. Now … Continue reading
Posted in Economics
Tagged bailout, government motors, jesus chrysler, obama, pensions, unions
1 Comment
Obama sides with the unions in California
Washington Post – Tincture of Lawlessness: In February, California’s Democratic-controlled Legislature, faced with a $42 billion budget deficit, trimmed $74 million (1.4 percent) from one of the state’s fastest-growing programs, which provides care for low-income and incapacitated elderly people and … Continue reading
The Top 10 Signs You Are Living in a Banana Republic
The Top 10 Signs You Are Living in a Banana Republic: 5. The bankruptcy process has becomes a political process. If this is the worst economy since the great depression, why aren’t there more bankruptcies? When did bondholders–which own a … Continue reading
NY Times Joe Nocera: no bailouts for homeowners
There’s a teensy-weensie little twist at the end.
Lost your job? Can’t pay your mortgage? Here’s a $15,000 credit card
Katie Grangu brings us this story. Guy loses his job, calls Citibank to find out how to get help with his mortgage under the Housing Recovery Act. The operator says the government hasn’t given them the information about HRA yet … Continue reading
How are American’s investments in bailed-out banks performing?
In return for bailout money the government is getting shares in the bailed-out companies. How are American’s investments performing? Answer: not too well. Since the bailout the stocks of the 10 companies receiving the most TARP money have lost more … Continue reading
Congress plans to give FDIC $500 billion for failed banks (UPDATED)
Wall Street Journal – Bill Seeks to Let FDIC Borrow up to $500 Billion: Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury … Continue reading
The deuce you say
Shockah – massive government bailout has massive cost overruns: March 3 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said policy makers may need to expand aid to the banking system beyond the $700 billion already approved and take other … Continue reading
Warren Buffet’s annual letter to shareholders
Forbes – Buffett Bloodied But Not Bowed: “The economy will be in shambles throughout 2009–and for that matter, probably well beyond, ” Buffett writes. The debilitating spiral of the credit crisis has “spurred our government to take massive action. In … Continue reading
WSJ: Obama can’t close deficits by soaking the richest 2%
Wall Street Journal – The 2% Illusion: Take everything they earn, and it still won’t be enough.: President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure … Continue reading
Gov. Bredesen may reject portion of stimulus
The Tennesseean – Tennessee may reject stimulus aid for jobless: At the National Governors Association meetings in Washington, D.C., Gov. Phil Bredesen said this week that he might turn down relief for unemployed workers worth an estimated $143 million because … Continue reading
Good explanation of Obama’s refinancing plan
I haven’t said much about the housing plan because I haven’t had time to study it, but this seems like a pretty good explanation. The plan has two notable restrictions on the types of loans that qualify: The loan must … Continue reading
RSS Posts Feed
