Tag: bailout
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Corporate Events and the Bailout
Today over at Huffington Post there’s an article about another bailed out bank spending scads of money on corporate junkets. I understand the outrage. As a Democrat, it’s hard to square the idea that a financial institution, who received financial help from taxpayers, would then turn around and use money, whether it came out of…
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Crisis of Confidence
Bonddad reports that the Federal Reserve is considering an interest rate cut… Rates are currently at 2%. Rates have dropped from 5.25% to 2% and we are currently in a credit crunch. The interest rate isn’t the problem. The problem is is confidence in whoever you’re lending to. If you think a borrower is about…
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It Worked
“I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” – Grover Norquist Grover Norquist may have not been able to fully realize his homicidal dream that is the cornerstone of movement conservatism, but the effect,…