Posts tagged as:

bailout

The Irish Discover the Pain of Bailing Out Banks

December 5, 2010

Like many countries back in 2008, Ireland bought into the banker’s argument that the world would descend into a world more dangerous than a newscast without the teleprompter if the banks were allowed to fail (my favorite Will Ferrell SNL skit of all time). So, the Irish government backed the country’s largest banks. Now, Ireland [...]

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Did the Government Save GM?

November 18, 2010

Today, President Obama declared that General Motors Initial Public Offering is proof positive that the bailouts worked. Nothing could be further from the truth. The $50 Billion that the government loaned GM did not save GM. It was the bankruptcy that helped GM. If GM had not gone through the bankruptcy process, the $50 Billion [...]

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Kool Aid From the Gubment – Say it Ain’t So

October 3, 2010

Saw this article on the Huffington Post, and I couldn’t believe it was published. This guy is brewing a heavy batch of Kool Aid to get us to buy this argument. I posted a response on Huffington Post, but the word limit kept me from making my points. Here I can pontificate at length (though [...]

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Backdoor Bailout for Banks

May 12, 2010

Here is a video segment by Yahoo Tech Ticker featuring Barry Ritholtz, whom I am a big fan, where a theory is discussed about a backdoor bailout of the banks. It deals with Fannie Mae and Freddie Mac. Both of these organizations are losing billions every quarter, and we, the taxpayers, are acting as an [...]

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