Relevant and even prescient commentary on news, politics and the economy.

Bail out totals

Does any one have a total in mind up to AIG for the maximum and minimum loan costs by the Federal government? And possible bailout of auto makers and such? What is going on with a Republican administration?

Uppity or elitist….code words list or symbolic value

By Mike Soraghan Posted: 09/04/08 03:07 PM [ET] Georgia Republican Rep. Lynn Westmoreland used the racially-tinged term “uppity” to describe Democratic presidential candidate Barack Obama Thursday. Westmoreland was discussing vice presidential nominee Sarah Palin’s speech with reporters outside the House chamber and was asked to compare her with Michelle Obama. “Just from what little I’ve […]

Social Security Series

Notice the change on the left side bar for our series on Social Security and the numbers that indicate it is okay. Whew!!!

McCain and Obama and Lehman Brothers

McCain and Obama on Lehman BrothersMcCain: “The crisis in our financial markets has taken an enormous toll on our economy and the American people — first the decline of our housing markets followed by the collapse of Bear Stearns, Fannie Mae, Freddie Mac and now Lehman Brothers. I am glad to see that the Federal […]

Stochastic Thoughts captures essence of debt culture

AngryBear Commenter Mooser Gives Some Financial Advice When Bush was elected, we paid off the house and took our money out of investments and into insured accounts. I advise others not to do the same. When you have no house payment, you feel like you are living in somebody else’s house. It’s a very anxious […]

Mother of all crunches

Hat tip to vtcodger for this catch: Naked Capitalism makes a comment and uses Bloomberg: We noted a few weeks ago that between large amounts of short term financial firm debt maturing in the third and fourth quarters, banks still leery of lending to each other, and liquidity always lower at year end (banks pull […]

Andrew Sullivan says focus on McCain

Andrew Sullivan shares his thoughts on McCain: Editor’s Note: Historically a John McCain supporter, conservative journalist and blogger Andrew Sullivan takes on the issue of John McCain’s integrity as he strives to win the presidency. – vh/TO For me, this surreal moment – like the entire surrealism of the past ten days – is not […]

Quit Doling Out That Bad-Economy Line

PGL alert! hat tip to OSO for the Luskin article. rdan_How does one frame the condition of the economy rather than just financials to us kids in the back of the class who tend to throw spitballs?? Economy is growing for instance, according to some. What is going on? Quit Doling Out That Bad-Economy Line […]

Will we see the guarantees?

Barclay’s walks, BofA may buy….what are the guarantees involved with tax money? How did Bear Stearns and others work out in costs?