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 [...]
Illogical Markets
From Fast Company: “The idea that the market is always right is a crazy idea. Laissez-faire is over.” Well, until the shit hits the fan, maybe. But it can’t be stopped forever. Here are a few observations I’ve made in my few years… 1) Unregulated markets are illogical, emotional, impulsive, abusive, and reactionary…in the short [...]
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.
