by divorced one like BushUpdate below. The other day, reading the comments got me thinking about the relationship of peoples income vs their presidential candidate choice. I think it was about how the economy is doing. Well, we all say it is bad because all these big, humongous finance institutions are having troubles. But, my […]
If Barclay’s had bought Lehman over last weekend, would the Fed still have (needed to) intervened in the case of AIG? Discuss amongst yourselves.
The BBC notes that General Odierno replaces General Petraeus as commander of the Iraqi occupation.
Kathryn finds a gem. (title ref)
OSO writes a quiet note: In all this confusion, here’s some CPI figures. -0.1% in August, which is 5.4% annual. 2008 Q3 is looking more and more like a substantial contraction. With August unemployment at 6.1%, the Misery Index is 11.5, the highestsince June 1991. OSO
A reminder of Hurricane Ike
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?
Unlike Fannie and Freddie, AIG was royally and truly doomed. The Fed tells us so: In unusual and exigent circumstances, the Board of Governors of the Federal Reserve System, by the affirmative vote of not less than five members, may authorize any Federal reserve bank, during such periods as the said board may determine, at […]
Via Dr. Black, Douglas Holtz-Eakin eliminates his last shred of credibility as he tells us what John McCain invented: “He did this,” Douglas Holtz-Eakin told reporters this morning, holding up his BlackBerry. “Telecommunications of the United States is a premier innovation in the past 15 years, comes right through the Commerce Committee. So you’re looking […]
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 […]