Congress and the treasury have been working all weekend to rob the US taxpayer of $1.2 Trillion by putting every one of us taxpayers on the hook to repay all of the bad investments their oligarch pals made over the last 10 years, while letting them keep all of the profit. Now word surfaces this […]
Today’s New York Times reports that the US government plans to take over Fannie Mae and Freddie Mac: WASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday called in top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, and told them that the government was preparing to […]
The title above is from a comment on a previous post. The graphic below is from Suitably Flip: And while it’s true that Delaware has about 180,000 more people than Alaska, neither Obama nor Biden have ever been governor (or mayor) of anything. Plus, Alaska’s state budget (not to mention its government and infrastructure) [PDF] […]
The Onion, as usually, hits the nail right on the head: WASHINGTON—A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest. “What America needs right now is not more talk and long-term strategy, […]
Daniel Drezner is one of those bloggers I read regularly, even though I don’t always agree with him — and when I don’t agree with him, I consider even more carefully what he has to say, in case I’m wrong. This paragraph, however, I think is dead on: You know how Bush officials like to […]
[06/17/08: Many thanks for Rand Simberg for the link from Transterrestrial Musings, one of my favorite blogs. C’mon, folks, I want Rep. Dicks to have a lifetime supply of motor oil. I want the whole Subcommittee to have a lifetime supply of motor oil. And then some.] It’s time for action. Oil is at $130/barrel, […]
Some folks may have noticed that we have yet to update our trend animator with banking data for the first quarter of 2008. It’s not because we don’t want to, it’s because the FDIC has yet to release their data. Yes, that’s right – one of the more interesting quarters of the US banking industry […]
There are mixed reports in the press about the state of the US economy. While the majority of the national media seems to be rooting for a good economic downturn (perhaps to spice up the election cycle this fall) The data from the government is also somewhat conflicted, perhaps because the powers that be would […]
Having lived in the Washington DC area for a total of nearly 8 years (and in the District itself for six of those years), I was a big fan and user of the Metro, their subway systems. However, the Metro was was always struggling with funding and maintenance issues, which puzzled me a bit since […]
The Beginning Of The “Big Game”
Several of my friends and relatives have asked me why I am not posting about the financial antics unfolding in real time these days. I hate to post things like “I told you so”, because they don’t really add much to the solution. I am amazed by so many facets of what is happening. First […]
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