Tag Archives: bailout

Fed To Bailout NY Yankees

Admit it, you had to think for a second about whether this was serious or not didn’t you?

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Heh

Dilbert

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Bail or Consequences

Joseph E. Stiglitz says bail out the poor, not the rich. It’s like a parlor game for abstractions to decide who can be the noblest thief. How about no one bails anyone out, and we all sustain the material consequences … Continue reading

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Step Right Up! It’s Your Bailout Too!

I hear repeatedly from our fellow citizens “where is my bailout?” For those who have been wondering the fine journalists at Vanity Fair have found the paperwork so you can begin applying now for, as the application says, “free government … Continue reading

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Calculating the cost of bailing out the economy

Now that the NBER has decided to endorse my view that we went into recession last December which I first first claimed last January, I think my points about the efficacy of fiscal stimulus still apply. As for spending already … Continue reading

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Morality of the Bailout

In a Q&A session at the University of the Pacific in October, Dinesh D’Souza was asked about the moral dimensions of the Emergency Economic Stabilization Act. I don’t agree entirely with the causality he posits exists between irresponsible consumer behavior … Continue reading

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Whoopee, its bailout time!

From the comments at Financial Times: Nov. 13 (Bloomberg) — In a surprise move today, Whoopee Cushions Inc was approved bank holding company status by the Fed to enable the company access to the recently revised TURD scheme. Imported far-eastern … Continue reading

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The View From Here

I wonder if the juxtaposition of that headline and that photo was intentional? Anyway, over at Risk and Return I follow up Dale, McQ and my discussion of the markets and the economy during the last couple of podcasts with … Continue reading

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When are we being Chicken Littles?

Let us look at one of the ways that we are being panicked unnecessarily, and why incidentally we can help many of these financial institutions in the fashion I discussed in my post on a potential alternative plan. In my … Continue reading

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We are led by little men and women

I was not in favor of the Paulson plan if you haven’t caught that yet. Still, the pitiful display from our congress today set a recent low. First, faced with an unpopular and contentious bill which she feels for the … Continue reading

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The Bailout…

doesn’t look like it’s going to pass the House floor. Update: It failed. The vote was 207-226 against the measure, with one member not voting, half an hour after voting began. Voting remains open even though the “official” time has … Continue reading

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…and I want a pony!

Larry Summers and Mark Thoma argue that if done right the bailout will mean we can solve this crisis and still have everything we want, tax cuts, health care spending and all kinds of other goodies. Larry argues: Just as … Continue reading

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Short of Wisdom, Common Sense and a Grasp of Reality

The hedge fund industry is feeling gloomy, and so is Mayfair. Meanwhile our government is considering following London’s lead and making their lives even more difficult, by banning short selling for a while. Yep, Fannie would have been just fine … Continue reading

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Fail Early or Don’t Fail at All

On tonights podcast at QandO, I called in at McQ’s request to discuss the economy. One of the things we discussed was the likelihood of our government continuing to bail out our financial institutions. For a number of reasons that … Continue reading

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