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kkennedy : bailout   39

Robert Reich's Blog: Will Geithner Fire Corporate America?
FTA: 'I suppose it's comforting to know our government stands ready to fire corporate executives and directors whenever taxpayer money is on the line. But I suspect Geithner's new tough line is mostly designed to reassure a public that's lost all faith in the wisdom of bailing out Wall Street. For the sake of the argument, assume he's sincere. What criterion will an axe-wielding Geithner be using?' -- Boy, what a mess.
2008crash  corruption  bailout  economy 
april 2009 by kkennedy
The Big Takeover : Rolling Stone
Well done! This is the kind of article that I not only like to see, but I'd love BOTH sides to respond to, with meaningful analysis (including citations). FTA: 'The best way to understand the financial crisis is to understand the meltdown at AIG. AIG is what happens when short, bald managers of otherwise boring financial bureaucracies start seeing Brad Pitt in the mirror.'
politics  economics  corruption  economy  2008crash  bailout  culture  finance  government 
march 2009 by kkennedy
Foreign Policy: The List: The Next Iceland
FP looks at five countries on the verge of following Iceland to economic ruin and political meltdown. (Great Britian, Latvia, Greece, Ukraine, Nicaragua)
bailout  economics  foreignpol  finance 
january 2009 by kkennedy
Bailout Recipients Hosted Call To Defeat Key Labor Bill
FTA: 'Participants on the October 17 call -- including at least one representative from another bailout recipient, AIG -- were urged to persuade their clients to send "large contributions" to groups working against the Employee Free Choice Act (EFCA), as well as to vulnerable Senate Republicans, who could help block passage of the bill.'
politics  economics  bailout  economy  ethics 
january 2009 by kkennedy
Ivan and Boris Again by Thomas Sowell on National Review Online
Sheesh...I'm embarrassed to say that I've read books by Sowell, back when I was in the Libertarian Book Club. There are so many straw men in this piece, I don't know where to start. Easy to kick your opponent's ass when you make up an argument for him. *sigh* I'm glad I've grown up a little bit.
politics  2008crash  bailout  wtf 
november 2008 by kkennedy
The Reckoning - Citigroup Saw No Red Flags Even as It Made Bolder Bets
This whole situation is really disgusting. These guys were basically gamblers; happy to take the credit and reward when they got lucky, and demanding a "too big to fail" bailout when they blew it. There's nothing there that deserves pity, admiration, or sympathy.
finance  2008crash  bailout  nyt 
november 2008 by kkennedy
Why the Dems' Drive to Aid Detroit Is Stalling Out - TIME
FTA: 'There is no denying that the risks of letting GM fail are high. Economists warn that if it fails, GM is more likely to end up with Chapter 7 bankruptcy liquidation than Chapter 11 restructuring. Given the current credit crunch, the traditional bridge loans available to companies in Chapter 11 are all but impossible to obtain. And few consumers would be likely to buy a car — the sale of which depends on long-term warranties, service and parts — from a company in a bankruptcy reorganization.'
followup  economics  2008crash  autoindustry  bailout 
november 2008 by kkennedy
U.S. May Take Ownership Stake in Banks
Wow. This may actually be a pretty good idea, from the economists I've been reading, but talk about the end of an era.
economics  bailout  nyt 
october 2008 by kkennedy
Revolt of the Nihilists - David Brooks, NYT
FTA: "I’ve spoken with several House Republicans over the past few days and most admirably believe in free-market principles. What’s sad is that they still think it’s 1984. They still think the biggest threat comes from socialism and Walter Mondale liberalism. They seem not to have noticed how global capital flows have transformed our political economy"
politics  economics  bailout  globalism 
september 2008 by kkennedy
President's Address to the Nation
Bush: "The government is the one institution with the patience and resources to buy these assets at their current low prices and hold them until markets return to normal." Huh....I'm pretty sure the market is supposed to take care of that? *shrug*
politics  economics  bailout 
september 2008 by kkennedy

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