I Can’t Begin To Thank My Congressman
Because www.house.gov is slammed.  Here’s what I got when I tried to use their site to send my Congressman a thank you for voting against the bailout rescue savior of the economy. Messaging Service Unavailable The House of Representatives is currently experiencing an extraordinarily high amount of email traffic. The Write Your Representative function is therefore [...]
Interesting Thought on the Bailout
Read it, or we’ll be facing an insurmountable economic crisis.  Here’s a sampling. Wall Streeters pat themselves on the back all the time for how creative they are financially. So get creative here. Create some sort of new entity and have banks contribute toxic mortgages into the entity in exchange for equity. Find some pension [...]
Watching Some CNBC in Prime Time
Mark Cuban was talking about the need for transparency. Â He also mentioned that one of the problems that allowed such a large drop today is that the short selling rules are keeping people from hedging their bets and keeping the markets honest. Â A couple of nice soundbites too… “Policians don’t want transparency because then they’re [...]
What To Do When You’ve Dug Yourself a Hole?
Keep digging? Â Here’s a clip of Ron Paul addressing Congress this morning on why a bailout is disasterous in the long term.
Two Guys Who Get It
Brazilian President calls the bailout unfair to poor people… “Why give $700 billion to the banks and no money to the poor guys who lost their houses,” Lula asked, according to local media. He referred to the troubled U.S. housing market. I think he’s right, but for the wrong reasons. Poor people shouldn’t be given [...]
Country Folks Can Survive
Who has the most to worry about if large financial institutions crash? Is it the people Washington is trying to protect–Wall Street? Who will be hurt the least? Is it the people Washington is trying to stick with the bill–the taxpayer? Somebody told us Wall Street fell, but we was so poor we couldn’t tell. [...]
Ron Paul on the Bailout “Debate”
“That’s why so many people in this country have come to the conclusion that there’s not a dime’s worth of difference between the two parties.” Remember back in the debates when Ron Paul was harping on monetary policy any time he was given a chance to speak?
