Bloomberg does the numbers with details, and then we must add Citi’s $304 billion. Total of promises to date is 7.7 $trillion.

by cactus Let Me State Again: The Bail-Out Will Not Work, It Cannot Work I’m on vacation, and I check the news and Angry Bear and I find this crazy bail-out is growing like mad just in the last few days. I had a post at the start of this thing that the bail-out wasn’t […]

by: Divorced one like Bush Crooks and Liar’s posted this video, but their presentation seems more from a position of how correct Peter Shiff was. I think what is more important, and a better lesson to learn is how much crap was being presented by Fox as real, reliable, truthful information that “you can use”. […]

Via CR, the Fed announcement this morning: The Federal Reserve Board on Tuesday announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit […]

The Boston Globe reports: Call it the ‘Partners Effect:’Elite hospitals are paid much more for care that is often no better than average. It is the best kept secret in Massachusetts medicine.…Behind the rankingsTo walk the gleaming corridors of Partners’ flagship hospitals is to tour a Hippocratic Hall of Fame: Dr. William Morton first demonstrated […]

Tilman Tacke and Robert Waldmann A health care system is efficient when an increase in spending results in significant improvements in the health of a population. We test the relative efficiency of public and private health care spending in reducing infant and child mortality using cross-national data for 163 countries. There are two remarkable findings: […]

Robert Waldmann I guess I should give permalinks although they are consecutive posts. In random order, he asks who should be on the energy team. I have already expressed my view on this issue. I think the Reality Based Community should be the energy team. He asks “Where is Joe Stiglitz ?” I add what […]

rdan This Gallup poll rates nurses as the most ethical. Of course bankers have taken a hit to new new low for this series. Labor Union leaders best business execs, car salesmen, and congress. I suppose one could play with perceptions, but it is fun for liberals playing with a two edged sword. Voters are […]

rdan Big Think has a video clip on Lawrence Summers and the current crisis. Note that home loans becomes the center of the storm. Of course, understanding value by the “market” is a key in my opinion, and gets to be harder the further from “cash” we go.

rdan An op-ed by Marjorie Cohn, Jurist in Forum details the further developments with Guantanamo detainees. Finally, on November 20, in a stunning development, U.S. District Court Judge Richard J. Leon ordered the government to release five Guantánamo Bay detainees “forthwith.” Finding that the government failed to prove the men were “enemy combatants,” the judge, […]