Archive for September, 2008
whopper of the year
“Wachovia did not fail; rather, it is to be acquired by Citigroup Inc. on an open bank basis with assistance from the FDIC.”
Source: http://www.fdic.gov/news/news/press/2008/pr08088.html
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paul
I think Ron Paul is bit kooky, but on this matter he is right on.
The idea that the very people and institutions that bumbled their way into this mess are competent to fix it is just laughable.
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even worse
If I was McCain, I would want to curl up and die. What was he thinking?
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time machine
A colleague sent me this article from the NY Times from 1999. I’ve highlighted the alarm bells. That the Treasury and Fed can claim to have been ignorant of the enormity of this mess for years is nothing but a lie.
These are the same jokers that are now claiming that only they can fix it. [...]
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boom!
I found this on Barry Ritholtz’s site. Funny stuff.
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un-conventional wisdom
MarkPerry’s blog annoys the hell out of me with its conservative, perma-bull mindset. If he were blogging during the Great Depression, I’m convinced that he would claim it was just a rough patch or something like that.
Nevertheless, I read it because he pulls a lot of great charts that really make you stop and question [...]
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another from indexed
Another great Venn diagram from indexed.blogspot.com. This blog is a real gem.
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common sense
I find Mark Cuban’s blog well worth reading. He has voiced support for Obama, but I think the point he makes here is very reasonable:
One candidate thinks he can add value to solving the greatest financial crisis since the Great Depression. The other candidate thinks he can’t add value and that its a better idea [...]
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must see: rogers on bailout
Jim Rogers telling it like it is. This is a must-see.
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Tags: bailout, financial crisis, jim rogers
