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 cash.” (Click image for Large Version.) Download article as PDF
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I have argued in the past that the Federal Reserve’s policies may be helping in some ways, but hurting in others. Way too much borrowing and lending is running through the Fed which is drying up lending between banks. It also reduces the need for banks to find reasons to communicate and trust each...
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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 next post we will discuss ways in which we are not being misled, and...
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If you support the Paulson bailout plan that is. The New York Times has coverage. The Senate proposal would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production and use of renewable energy sources, like solar energy and wind power. The bill...
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We should start out with some humor: A robber in a ski mask blamed the bank for what he was about to do, The Associated Press reported Feb. 22. “You took my house, now I’m going to take your money!” the assailant hollered. Talk about a reverse mortgage! The FBI plans to review the...
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