Should Tennessee Take Bailout Money?
That’s what Blue Collar Muse is asking. Here’s my take.. If bailouts are bad, they are bad. If people think they are good, they are ok still bad. But here’s the thing….if Tennessee (or any other state) were to refuse the bailout money, does that mean those dollars wouldn’t be invested spent in another state? [...]
Stupid Lending Coming Full Circle
I have to credit a buddy of mine in Chicago for bringing this one to my attention. You’ve probably heard about the workers in Chicago staging a sit in at the Republic Windows and Doors plant. Their beef is that the company is not paying the workers enough notice before closing, which is a violation [...]
Why We MUST Bail Out Chrysler
Because if they fail it could cause a depression. Â At least that’s what one of their top execs, Jim Press, says. “We’re on the brink with the U.S. auto manufacturing industry,” Press told The Associated Press in an interview. “If we have a catastrophic failure of one of these car companies, in this tender environment [...]
A ‘Permanent Fix’ Bailout And Why It Won’t Happen
Texas Congressman Louie Gohmert (R) has come up with an alternative to the $350 Billion economic stimulus package the Democrats are rumored to have ready for Obama to sign on January 20th. It’s pretty innovative and novel. You get to keep what you earn. That’s right. A two month tax holiday from FICA and income [...]
$50B for Automakers Now?!?!
That’s what President-elect Obama is advocating; Yet to be determined is whether most of the money would be drawn from the $700 billion financial rescue package Congress passed last month or from newly allocated funds. I’m only an armchair pundit, but I think I can take a crack at this one with relative certainty. Â This [...]
$700B Well Spent
I’m not one to take a one day sampling of the stock market and make a “see-I-told-you-so” snap reaction. Â It’s pretty unreasonable to think what happened in Congress on Friday would have much of an impact today–the assumption of the passage of the bailout was already priced into the market. Â But the reaction to today’s [...]
Afternoon of Silence
For the free market.
Damn It Feels Good To Be a Gangsta
Or a Senator.  Or an investment banker.  Some levity is needed.  I took the liberty of posting the censored version so you can be liberal with the volume at work. All I gotta say to you wanna-be, gonna-be, bailout-backin’, pork-packin’ prankstas–when the Ѕңїτ jumps off what the ╒ủČК you gonna do? Damn it feels good [...]
You Don’t Want This Turd?
How about if I smear it all over something you do want? Blue Collar Muse has the details on how the Senate is making an attempt to cram the bailout rescue down our throats (again) by attaching the bill to one that everyone is bound to vote for. So they are trying another well known [...]
Mark To Market Clarification From the SEC
Before we start writing checks, can we give this a chance to work? The SEC is not telling holders of hard-hit mortgage-backed securities that they can willy-nilly slap any value on them they want. What the SEC is saying is: You can take other factors into account when valuing them. Balance sheets should be changing.  Lots of [...]
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