bailout
The NY Times Stinks at News Analysis
Should General Motors file receive a financial bailout from the U.S. government, or should it be left to deteriorating market conditions that will lead to a bankruptcy filing? This is the question put forth by a NY Times “News Analysis” piece entitled “G.M.’s Troubles Stir Question of Bankruptcy vs. a Bailout .” Unfortunately, this article [...]
AIG Gets More of Your Money
What the hell is going on with American International Group(AIG)? First the U.S. government tossed the embattled insurance giant an $85 billion credit line in September – when it decided to let Lehman Brothers file for bankruptcy – and that was increased by $38 billion last month. The spiraling cost of the AIG bailout seems [...]
Uncle Sam? Uncle Socialist. Get the t-shirt!
No need for alarm, folks. President Bush said today that the partial nationalization of the banking system is an “essential short term measure to ensure the viability” of our highly dysfunctional financial system. Then Bush described these latest moves to stop the financial crisis on Wall Street from spreading as “unprecedented and aggressive”. Sounds like [...]
Bailout Wrapped in Chocolate
How do you get a quarrelsome, spoiled child to swallow a large, nasty pill? Wrap it in something delicious, like chocolate, and the screaming kid will wolf it, tasting only sweetness. Down will go the medicine and everyone will be happy. That’s what the Senate did with the financial bailout package today. They wrapped it [...]
Clown Banker – Redux
This is actually something I did a while ago. But, with last week’s meltdown on Wall Street I thought it was a perfect time to bring it back. Not only that, but I whipped up a t-shirt version. So, if you want to let people know what you think about the bail-out, pick up the [...]
Concerned Clowns
Unfortunately, poor innocent clowns are being mistaken for bankers.
AIG Needs $12.5 Billion – Time to Pay Attention, Wall Street!
The stock market rumbled ahead on greased rails of delusion cheered by the glimmer of light perhaps flickering at the end of the credit crisis tunnel. But, the news Thursday afternoon signaled that the frail twinkling they thought meant hope may be an oncoming freight train instead.
After the closing bell Thursday, American International Group, the [...]
Main Marbles
- No categories
