Tag bailout

Obama’s slide in the polls

John Robb The rapidity of the slide is due to the Wall Street bailout. Instead of punishment of the perps, we are getting bonuses. Instead of reform to prevent gambling, we get more of the same (even worse, it is…

Merle Hazard. Bailout

Merle Hazard is perhaps best known for his songs about the credit crisis. He is the first and only country singer to write about mortgage-backed securities, derivatives, and physics. MerleHazard.com

US may take big stake in Citi

Citigroup had its original birth with Sanford Weil buying degenerate, bottom-feeding subprime companies in the South that preyed on the poor and illiterate. Far as I can see, they’re still the same old girl they used to be. Now their…

Recovery.gov

Because Obama wants you to know where and how the money is being spent. The American Recovery and Reinvestment Act will be carried out with full transparency and accountability — and Recovery.gov is the centerpiece of that effort.

Hey, just who controls whom?

The Spectator (UK) wonders, does Britain now own the banks or do the banks own the taxpayers? RBS’s £2 trillion of liabilities dwarfs not only the government reserves but the entire UK economy. Brown hasn’t so much nationalised the banks,…