Partners
Latest Comments
- Who Has Two Thumbs and Loves Their Fisher Space Pen? (5 comments)
- Word of the Day – Serial Comma or Oxford Comma (2 comments)
- 5 Most Wanted Guns (1 comments)
- Which AR-15 Collapsible Stock is the Toughest? (2 comments)
- One thing that really is true / This here’s a zoo and the keeper ain’t you / And I’m sick of you (2 comments)
- Local Restauranteur Stands up to Local Idiot Politician Stacey Campfield (18 comments)
- How Did Stainless Steel Appliances Get So Popular? (2 comments)
- Watchmen Prequels (2 comments)
- Too Much of Everything: Car Companies (1 comments)
- Amazon Reviews You Can Use (1 comments)
Subscribe
Archives by Date
Tags
1911 amazon apple ar-15 bailout banks bbq beretta biofuels bullshit artists california china climategate conversations d40 deficit dslr video facebook fdic flash photography global warming glock gold google guns and cameras inflation investing jesus chrysler Lost million dollar ideas mortgage mess nikon nikon d7000 obama pensions porkulus preparedness remington ruger silver smith and wesson the fed unions wordpress youtubeAdmin
Tag Archives: bailouts
SEC Charges Former Fannie and Freddie CEOs with Fraud
FOX News – SEC Charges Ex-Fannie, Freddie CEOs With Fraud: Freddie told investors in 2006 that it held between $2 billion and $6 billion of subprime mortgages on its books. The SEC says its holdings were actually closer to $141 … Continue reading
Jon Stewart: “Our Government is the World’s Dumbest Loanshark”
The Daily Show: America’s Next TARP Model: TARP was a $700 billion bailout/loan guarantee. There was apparently another $7.7 trillion loan program. Banks borrowed money from the government at 0.01% interest. Then they used the money to buy U.S. Treasuries … Continue reading
Turbotax Tim: “Did I say profit? I meant $105 billion loss”
Remember Timothy Geithner, the guy who couldn’t do his own taxes? His math skills didn’t get any better after he was appointed Secretary of the Treasury. December, 2009: “With the recent announcements on repayments, we are now on track to … Continue reading
How GM “paid back” its TARP loans
Reason.com: GM received $50 billion in TARP funds (never mind that TARP was only supposed to cover financial institutions). About $7 billion of that came in the form of a straight-up, low-interest loan. And about $13 billion came in the … Continue reading
“Some days I really wish I could go back to being completely clueless about the economy”
From a financial board I read. “Some days I really wish I could go back to being completely clueless about the economy. Now I know enough to be scared but not enough to actually know what to do.” I know … Continue reading
Stock of bailed-out AIG up more than 200% this month
CNN – AIG stock up 274% in August: NEW YORK (CNNMoney.com) — Shares of AIG were selling for $49.16 in midday trading on Thursday. At the start of the month, shares were at just $13.14. What’s going on here? AIG’s … Continue reading
Zombie Chrysler Clearance: Every Link Must Go!
Can Fiat put Chrysler on road to recovery? “Fiat is easily the weakest of all the major automotive companies. It does not even generate enough revenue to fund its own investment.” If Daimler-Benz couldn’t turn Chrysler around I’m having a … Continue reading
GM bailout a lousy deal for taxpayers
The (Scary) Math Behind the GM Taxpayer Bailout The government effectively will get 60% of General Motors in exchange for $50 Billion in aid. This, using standard investor math, means that GM has an implied value of: 50 Billion/.60 = … Continue reading
More underfunded public pensions
Baltimore Sun – Baltimore pension dispute illuminates public/private divide: Severe market downturns lay bare any number of Ponzi schemes, and under-funded defined benefits pensions, public and private, can be justly described as such schemes. The problem with private plans is … Continue reading
Obama’s GM plan pits unionized retirees against non-unionized retirees
Bloomberg – GM Retirees Bully Bondholders With Obama’s Help: General Motors Corp.’s likely bankruptcy filing is being cast in some quarters as a fight between “money people” intent on making a killing and honest efforts by the government to save … Continue reading
Chrysler gets $7.2 billion in free taxpayer money
CNN – Chrysler won’t repay bailout money: Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing. This revelation was buried within Chrysler’s bankruptcy … Continue reading
Chrysler’s Nerf bankruptcy is bad for American automakers
Mickey Kaus: If Chrysler fails in the marketplace again two or three years from now, after billions more in government subisidies, won’t that reflect badly on Obama and his “economic team”? WIll it then appear to have been better to let Chrysler … Continue reading
RSS Posts Feed
