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Tag Archives: Bailouts
Banksters Should Be Held Accountable
The banksters taking over our country enjoy extraordinarily nice lives of caviar and cigarettes. They’re insatiable greed is only surpassed by their lack of accountability. In last weeks post on shadow inventory, I came across a February story on how bankers let each other squat. It really made me angry: Continue reading
Is sustaining inflated house prices a worthy goal of public policy?
Government policymakers have gone through heroic efforts to save the housing market. The question is: should they? Continue reading
Posted in Fresh Perspectives, Home Economics
Tagged Bailouts, Home Prices, Housing Bubble
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Was TARP a Failure or Success?
Is the TARP program a failure or a success? It depends on whether you ask Wall Street or Main Street. Continue reading
Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives
Tagged Bailouts, HAMP, TARP
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The $9.1 Trillion Bailout
It isn’t sufficient to say that giving banks everything they asked for has saved us from a second Great Depression. For the 26 million Americans that are unemployed, underemployed, and have given up looking for work this is a depression. Plus, how many people that have lost jobs and have taken up lower paying jobs are not cited in the above figure? We know that 4 out of 10 of those fully employed workers now are part of the low paying service sector. Do you think buying a new home is the first thing on their mind? Continue reading
Posted in Banking and Finance, Fresh Perspectives
Tagged Bailouts, Stock Market, Unemployment
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Nothing Has Changed
Nothing of any importance has changed. The engine of Empire is lugging a bit as the load increases, but the Empire’s army of high-caste technocrats are hard at work, securing their perquisites and fat paychecks by keeping the sprawling global machine running. Continue reading