CNN does some he-said, she-said, but throws in some data: The administration’s proposal also requests that Congress authorize an increase to the nation’s debt ceiling. Currently, it’s set to rise to $10.6 trillion for fiscal year 2009 – which runs from October 2008 through September 2009. But the proposal requests that limit be increased to […]
Henry Paulson promises that he will spend the 700,000,000,000 of our dollars over which he wants total control wisely. I say he be required to put his money where his mouth is. Ask him how much he expects them to be worth after he has spent them on mortgage backed assets and tell him he […]
When calling Congresscritters tomorrow, especially for those in NY State, please feel free to remind Senator Schumer’s office that he and Barack Obama were the two people [in contested elections] who finished with the widest margin of victory in 20062004 [h/t to my Loyal Reader and Kohole in comments]—about a 50% margin in both cases. […]
Via The Good Roger Ailes, ABC News reports that rape kits aren’t the only thing Sarah Palin tried to leave the responsibility of the victim: Fighting back against allegations she may have fired her then-Public Safety Commissioner, Walt Monegan, for refusing to go along with a personal vendetta, Palin on Monday argued in a legal […]
There are three reasons that the give Paulson $700,000,000,000 to play with plan might save world finance 1) the value of a pool of all the mortgage based assets is easier to determine than the value of particular assets — making a huge pool of all the toxic sludge will cause it to melt, that […]
We already gave them $900 Billion. (Or, as I would prefer to write it, just so everyone understands: $900,000,000,000. About 3,000 a person, or 26.7% of the annual median household income, assuming a family of four.) What would makes anyone think another $700,000,000,000 will solve the problem? Just because “sooner or later, you’re talking about […]
At a high level, Floyd Norris explains it all to you. UDATED, AND PULLED TO THE FORE: For the more detailed view (h/t Barry R.), the soon to be late, not very lamented, New York Sun presents the details: The SEC allowed five firms — the three that have collapsed plus Goldman Sachs and Morgan […]
I believe that’s the English translation of this headline.
Robert was hiding this link over at his Stochastic site, where he allows himself to have unsophisticated but very readable translations of Angry Bear at times. Here is the link to an analysis of McCain’s plan for health insurance. The link to Stocastic Thought is on the left sidebar. Also in that Health Affairs posting, […]
SOLIDARITY There are about 2 months until the election, an election that will decide the next President of the United States The person elected will be the president of all Americans, not just the Democrats or the Republicans. To show our solidarity as Americans, let’s all get together and show each other our support for […]