The No Bailouts Act

Congressman Peter DeFazio from Oregon has sent a letter to colleagues offering an alternative to the current $700 billion bailout.  It is worth a look.

DeFazio Introduces the No BAILOUTS Act
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The following is a Dear Colleague sent by Representative DeFazio introducing his No BAILOUTS Act, which would Address the current financial crisis without putting the American [...]

Crisis Strategy: Getting it Right the first time

(Cross-posted at The Confluence)
There are very little details out in the public concerning the supposedly ironed-out terms that will solve the current financial crisis.   Almost every one is worried that the terms of the rescue will involve taxpayers bailing out Wall Street High Rollers and their bonus-loving CEOs.  If you review Financial Economics literature, you will discover that [...]

Back to the Roots of the Problem (cross-posted at The Confluence)

I feel a strong need to remind people at this time of the roots of this financial crisis. They are not found beneath Wall Street, but in Washington, D.C. with Freddie Mac and Fannie Mae and the senators and congressman that empowered them.  
The beginning of this crisis was the subprime mortgage market and the loose underwriting standards encouraged [...]

Here we go again …

It’s true.  On issue after issue, I pretty  much disagree with Sarah Palin.  I see nothing positive about hunting or fishing unless you have no other way to eat.  I see killing things for fun as a completely immoral action.  I do not consider a gestating protohuman to be ‘ensouled’ and the same as a walking talking [...]

Biden: Gaffe or Being Honest?

Every one who knows Senator Joe Biden knows he has a tendency to talk a lot and not always with his political brain attached to his vocal chords.  It shouldn’t be all that surprising to the Obama folks and their uberly scripted Presidential candidate that they would not be able to put a muzzle or a [...]

The Obama Nation: Increasingly Desperate

I’m noticing a distinct tone change in the MSM and among many key Obama supporters.  It’s that sound of desperation.  It’s the sound of whining … PULEEZE vote for him!  After all, the world will fall apart if we get another Republican in office.  Today’s New York Times Op Ed page is full of the [...]

None of the Above …

As this depressingly stupid but important presidential election drones on, I have to say I’m more inclined to opt out by the day.  There are simple truths that both campaigns are avoiding.  Perhaps it is true that common sense is a most uncommon trait.  Let’s look at just a few things my mother taught me [...]

Banksy’s Gifts to the Ninth Ward …

If you’ve followed any of my New Orleans-related posts, you know i live in the ninth ward and you’ve read about NOLA rising, the Grey Ghost, and urban art.  Well, in honor of the third anniversary of Katrina, infamous British grafitti artist Banksy blessed us with his incredible art.    He even took on the Grey [...]

What Goes around Comes around …

Senator Obama is learning that karma is a bitch!  During the primary, his entire campaign screamed racism whenever they could portray comments by Senator Clinton, President Clinton, or her supporters in the worst possible light.  It was almost a game to them.  Wait for the slightest sign of a code word, send in an Obama surrogate [...]

Hurricane Sarah hits the lower 50! MSM rushes to LOW GROUND!

I just spent a good week with nothing but a radio.   It was also broadcasting nothing but Gustav news 24-7.  So, i’m back reading the MSM and trying to catch up with the blogosphere. I feel like I’ve emerged from a cacoon to find the oxygen sucked out of the presidential campaign by Alaskan Governor Sarah [...]