RSS Feed for Bank BailoutsCategory: Bank Bailouts

A Real Socialist Explains Why Obama Isn’t One of Them… »

CNN’s John Blake posted an article the other day that is just too rich to let pass without comment. CNN, certainly very Obama-friendly, was probably trying to do our President a solid by posting this piece in an effort to prove to the Tea Party activists and others who are not fans of Mr. Obama’s [...]

Are You “Tea Party” Angry? »

Who’s afraid of a little Tea Party? Everyone, fortunately. So says Kevin O’Brien of The Cleveland Plain Dealer, who correctly points out that while Tea Partiers may lean conservative, they are filled with more anti-incumbent fever (for both sides) than anyone would care to admit: Democratic officeholders should be afraid. Republican officeholders, too. For many [...]

Fannie And Freddie’s Lasting Impact **UPDATED** »

~~Bumped Up~~ The DOW continues to be on the rise, which is certainly some good news, particularly for investors. Unfortunately, that is not translating into new jobs. Quite the opposite, in fact. For the second week in a row, first time unemployment benefits have risen, this week close to half a million (484,000), a rise [...]

Treasury’s Herb Allison Needs a Truth Enema »

According to testimony yesterday from Treasury official Herb Allison, who is currently charged with overseeing the management of the TARP, there are no financial firms now guaranteed as ‘too big to fail.’ What rock did Herb just crawl out from? The Wall Street Journal addresses Herb’s ridiculous comment in writing, Treasury Official: ‘No Too Big [...]

Does President Obama Have It In For Las Vegas? »

AP reported today that President Obama once again told people they shouldn’t waste their hard earned dough in Vegas. Writer Oskar Garcia details the shock of several lawmakers as Obama carelessly singled out Vegas yet again. (Be sure to check out the video below the fold.) Their economy is based on tourism and his comments [...]

State Of The Lobbyists Is Better Than You’d Think After The SOTU »

Jon Stewart had Harvard Professor, Elizabeth Warren on recently to discuss TARP and Wall Street. It was an interesting interview, to be sure (h/t to Pat), and provided a historical perspective: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c

“He’s Done Everything Wrong” – Hell Hath No Fury… »

Like a voter scorned. Many of us are reaping the sweet rewards of, “I Told You So” with many of our Obot friends, family, and acquaintances. We did, we tried, we hoped, we cried, and nothing would sway them from the One True Messiah of Obama. Well, those days seem to be slipping away, don’t [...]

“The Backlash Is Coming…” »

One of the worst things about the 2008 election – aside from the obvious of Hillary Clinton being unceremoniously pushed aside in favor of a disingenuous, inexperienced candidate with elastic policies – is that her supporters were likewise treated with horrid disrespect. We were told our concerns didn’t matter. We were told we didn’t matter. [...]

So Voting “Present” Isn’t Such A Good Trait After All »

There are two statements that turned out to be prescient in the run-up to the 2008 Presidential election: “In the oval office, you can’t just vote present.” — Hillary Rodham Clinton “If you want to know what someone is going to do, take a look at what they’ve done.” — General Wesley Clark Huffington Post [...]

On Bowing, Competence and a Need for Real Leadership »

*This importance treatise on the Obama presidency has been bumped up * During the presidential campaign, Peggy Noonan rhapsodized about an Obama presidency, trashing Hillary Clinton to the bargain. Recent months have seen Ms. Noonan pen several articles deconstructing her prior romantic notions, reaching the same conclusions as the very people she derided for not [...]

Obama and Pelosi Ram through Health Care, Ignoring “The Urgency of Now” on J.O.B.S.… »

Just before midnight Saturday, the House rammed through the 2,000 page monstrosity laughingly known as the health care bill. I’d say they did it under cover of night, reneging on a promise of a 72-hour waiting period. Again, who read this thing? How much arm twisting was involved to prevail in this close vote of [...]

Mao Is Mighty Popular Among Obama’s Czars »

(Bumped up from Wednesday early a.m.) Nope, I am not talking about Anita Dunn this time. Ron Bloom is the latest Obama Czar (Manufacturing) to quote Mao as an authority. And just wait to see which quote he uses from Mao. Oh, and he disses that whole free market thing, too. See for yourself: You [...]

It’s the Economy, Stupid!! »

The American public is becoming increasingly wise to the ways of Wall Street and Washington. Many Americans were duped by financial practices and products emanating from Wall Street. Where was Washington? I would assess Washington’s involvement and responses in the following fashion: 1. At worst, Washington was complicit given a wide array of failed public [...]

Mr. President, Why Did You Want This Job? »

I would like an answer to my question. How can someone be so determined to knock everyone else off the stage that he would spend nearly a billion dollars to do it, and when his waffling and doubling dealing in office don’t yield the desired result, blame President Bush and everyone else under the sun [...]

A Not So Happy Anniversary for Involuntary Investors »

Remember last October when Congress approved the Emergency Economic Stabilization Act and confiscated $700 billion of our tax dollars for a financial bailout? Back when many of us first became involuntary investors in Wall Street’s “too big to fail” financial institutions. Well, the Congressional Oversight Panel of the Senate Banking Committee, chaired by Chris Dodd, [...]