Monthly Archives: September 2008

Next Disaster: CDS (Credit Default Swaps)

What do we guess the next financial disaster will be coming soon to a hedge fund or bank near you? Probably Credit Default Swaps. Suffice to say that investment banks saw an opportunity, hedge funds jumped on board and everyone … Continue reading

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Umm…Why Do We Need a 700 Billion Bailout?

Let me get this straight, the Fed is handing out 630 billion dollars and for some reason we need ANOTHER 700 billion dollars handed out. Sounds to me like a Bush administration end run around Congress, but what do I … Continue reading

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Where Did That 700 Billion Number Come From?

Andrew Malcom at the L.A. Times explains: Here’s a quote from that Forbes story: “It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” They made it … Continue reading

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What Caused the Economic Meltdown?

Wow! An excellent video. I’m reluctant to lay all of the blame at the feet of the Dems and Obama, but here is information you’ve never heard.

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High Definition New Testament

What is the “High Definition New Testament?” Glad you asked. It’s a way of marking the English text (ESV) to show where the authors of Scripture were emphasizing words or phrases, as well as points, counterpoints, bullet lists, and main … Continue reading

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Ron Paul Schools Bernanke!

Congressman Ron Paul explains how stupid it is to attempt to prop up prices from a historical perspective. Go Ron Paul! A very important video.

Posted in economy, ron paul | 2 Comments

Told Ya So!

There was a really pernicious argument going around at the height of the building bubble to the effect that the country was growing so fast we would need more and more housing. I thought it was an idiotic argument at … Continue reading

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