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Salmon and Barnett on the $500,000 limit

…you’re surprised that I agree with you and disagree with Barnett. I’d say a strong argument for the cap is the good old moral hazard in bailouts argument. If the…

A Very Good Question

…out: Blue-collar workers are taking it in the shorts as part of their employers’ efforts to secure some bailout bucks from Uncle Sam. I don’t recall white-collar workers on Wall…

Market bets on energy and raw materials today

bailout will work, but that it will be inflationary because the market bet on energy and raw materials today, not financials. Moreover, the market is betting that the bailout wlll…

Taxes and cuts

…that have placed the government so precariously in debt. With debt levels already too high, the effects of the Fannie and Freddie bailout, along with declining tax revenue due to…

Old Vet looks ahead for more action

…must in order for the great Credit Cycle to turn towards less leverage. Consequences ahead? Maybe a bailout fund, or using Fannie and Freddie as bailout funds, or the Fed…

Bail or re-sell after the bums are kicked out?

NYT sells bailout story with no alternatives: “You get to where people can’t trade with each other,” said James L. Melcher, president of Balestra Capital, a hedge fund based in…

FDIC op ed in NYT

…of almost $150 billion. A government bailout is not the answer. Bailouts erode market discipline, raising the likelihood of repeat episodes. And efforts to expand refinancing options will help only…

…interest to slash taxes (benefiting its residents) and then await a federal bailout (paid for by all citizens). This incentive towards irresponsibility is particularly strong in the less populous states…