So in addition to the $700 billion bailout for banks, tens of billions each for Citi, Bank of America, and AIG, and trillions of money from the Federal Reserve to god know who, now the US government is talking about giving/loaning $500 billion to the FDIC to shore up its deposit insurance fund.
So let me [...]
Posts Tagged ‘economy’
Bank Insurance!??! (aka FoC Populism run amok!)
Bush, Obama, the Financial Rescue, and Housing Prices
Ya, that sums it up pretty well. Of course, maybe not all the blame should go to Bush regarding management of the financial crisis. He was pretty much checked out at that point and Hank Paulson screwed the pooch on that one.
Hopefully Obama will do something with the rest of the bailout money to actually [...]
Big 3 Need Some Creative Destruction
It looks like Congress has come up with a bailout plan for the Big 3 automakers. I’m in favor of some assistance to the companies, but only if it will result in meaningful changes in the car companies that will cut their labor and benefit costs (thanks for the link Heritage Foundation!), reduce the number [...]
sneaky
