Category Archives: bailout

Bailout-of-the-Day

Today’s bailout is of the auto parts industry. $5 billion. I’m wondering if that is for bonuses or what? They are “critical” to the auto industry, which is “critical” to the nation, or so the theory goes. I’m just wondering … Continue reading

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AIG: Thanks for the Bailout…Now for Our Bonuses

I have GOT to get a job in the financial industry. Where else can you be so incompetent that you threaten to bring the economy down, then get bailed out by the government, and then award yourselves millions of dollars … Continue reading

Posted in aig, bailout, economy | 2 Comments

30 Billion AIG Bailout of the Week

AIG is up to $180 billion from the government and counting (perhaps $100 billion more to go). Joe Nocera has the best summary of what AIG (abetted by lax regulation from the SEC) was up to. Short answer: Gaming the … Continue reading

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AIG Gains Deck Chair on Titanic!

Wow, I have to say I am so shocked, shocked! that the truth is coming out about AIG (hint: that $150 billion investment, most likely a total loss for taxpayers).  I really believed the Feds when they said it was … Continue reading

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AIG Vaporizes (Even More) Money

Reading between the lines this news report, I’m assuming that AIG has blown through $150 billion dollars and is out of airspeed, out of ideas. What to do? Head to the Fed for more cash.

Posted in aig, bailout, crisis | 3 Comments

You Don’t Think States Would "Game" the Bailout? Do You?

Surely the states won’t “game” the bailout in order to get even more buckets of money from the Feds. Washington state has taken the lead sending out $1 checks to 250,000 people which triggers $43 million more from the government. … Continue reading

Posted in bailout, food stamps, washington | 1 Comment

Federal Government Turns into California

Leave it to Jennifer Rubin to speak the truth (must read). We’ve got two ways (actually three) to pay for the idiotic bill that just passed the inept, cringing, cowardly Congress. We can raise taxes ($8500 per year to cover … Continue reading

Posted in bailout, congress, crisis, hayek, road to serfdom | Leave a comment