"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Nate Silver: 1. Nobody, absolutely nobody, has more incentive to get this right than the Obama Administration. If the economy collapses — well, more than it already has collapsed — then the Democrats get slaughtered in 2010 If the economy…
This is just further proof, if any be needed, that the financial world has few if any moorings in anything even vaguely resembling to reality. Bloomberg: The dollar is rising based on speculation the bailout will fail, thus making the…
The Dow was down 4.5% and many financials got pasted and were down 10% and more. This is, I think, a good think. Apparently the bankers don’t think the bailout will be tossing them stacks of money after all.
The Four Horseman of the Apocalypse Doug Henwood, in a fine rant, says the bank bailout announcement today might allow hedge funds to buy assets from the banks at cheap prices, guaranteed against loss by the government. I hope this…
Robert Reich, Sec. of Labor under Clinton, says the price of the next round of bank bailouts will make the price of stimulus bill look small by comparison.