28 Sep 2008

The Plan to Steal Our Money

Here is a snippet from the bailout bill that I think will enrich the worst offenders in the financial crisis.

28 Sep 2008

The Bush Administrations Bail Out Philosophy In One Sentence

If this doesn’t wake you up to the willful design of the Bush Administrations effort to kill off the Middle Class, you need to go back to Starbucks for a double shot of Wake The Hell Up.

28 Sep 2008

The last gasps of the smartest guys in the room

We owe much blame for the current financial crisis on the culture of Enron and its impact on corporate America — most folks haven’t made the connection yet.

28 Sep 2008

Meanwhile, Back in Iraq…

Iraq news of the week you probably didn’t see in American media.

28 Sep 2008

Two unindicted co-conspirators

Two groups who’ve role stayed under the radar in this financial mess are the CPA profession and the appraisal industry

28 Sep 2008

Congress Self-Neuters, Again

Pretending to dole out Hot Hank Paulson’s $700,000,000,000 on the installment plan, Congress continued its swift march into irrelevance.

28 Sep 2008

Draft of the latest Bailout Bill

Links to the Bailout Bill as it stands now.

28 Sep 2008

Nancy Pelosi Puts Lipstick on a $700 Billion Pig

I understand Democrats have concluded they have to do something to bail out Wall Street before Wall Street’s impending crash freezes credit and devastates Main Street. But given the compromises they accepted, there’s no excuse for cheering for this pig of a bailout or making claims that aren’t justified.

28 Sep 2008

A short rough primer on leveraging and derivatives

Just a first pass attempt at an explanation of two of the terms most commonly used in the current financial meltdown

28 Sep 2008

Latest Gallup poll: Obama: 50% – McCain: 42%

Barack Obama leads John McCain, 50% to 42% among registered voters in the latest Gallup Poll Daily tracking update for Thursday, Friday, and Saturday — just one point shy of his strongest showing of the year.