So, the much ballyhooed bailout is dead… for now. Do we need a bailout? When you have companies with sterling credit ratings like Caterpillar and McDonald’s stuck in financial limbo because the banks resist loaning them money, it seems obvious that something needs to be done to prevent a financial calamity. But I, like most […]
Last week, since I was apparently at odds with those who watched the Presidential debate on TV when I concluded that McCain won the debate while listening to it on the radio, I wondered if it was 1960 all over again. Now, as the U.S. financial markets teeter on the brink of collapse (depending on […]
Most of the Polls I’ve seen say Obama won, that McCain did not translate well on the flat screen; he would not look at Obama and looked… angry. Curious, I didn’t watch the debate, but listened on the radio instead. Al in all, I thought McCain did better when listening to him. Is this a […]
One of the great Hollywood stars has passed away. I will always remember him for his role as Butch Cassidy, but will admire him most because of his unblemished personal integrity, something hard to maintain for anyone who spends a career in Hollywood.
I watched some of the Couric / Palin interview. Not good, not good at all. Unlike the Gibson interview, this one is not blatantly edited to make Palin look bad – she does that on her own. At times, she is as inarticulate as Bush on one of his bad days. Here is one of […]
Todd Zywicki, from Volokh: If it is so obvious that the mortgage-backed securities are undervalued because of the market stability that the taxpayers are going to make money in the end, why aren’t private investors steppeing forward to take advantage of the situation? This is what Warren Buffett is doing with Goldman, with reports being […]
George Will was on to something here, though I don’t think even he realised just how far around the bend the McCain campaign is going. McCain admitted economics is not his strong suit (though he didn’t say that verbatim and it’s taken out of context, you just knew this admission would come back to haunt […]
Sarah Palin, answering a question about the government bailout of insurance broker AIG: “Dissapointed that taxpayers are called upon to bailout another one,” she said. “Certainly AIG though with the construction bonds that they’re holding and with the insurance that they are holding very, very impactful to Americans so you know the shot that has […]
“Troopergate” came to light almost as soon as Sarah Palin was announced as the VP pick for John McCain. Here is the Washington Post article that came out on Aug. 30. I looks pretty damming toward the Palin’s. Ah, but yesterday some news broke – Walt Morgan was operating behind Palin and the administrations back […]