Category Archives: crisis

Nitwittery Run Rampant

A brilliant compilation of quotes that Austrian Filter put together demonstrating either how clueless Bernanke and Paulson were in the leadup to the financial meltdown, or that they were simply lying. A couple of favorites: October 15th, 2007 – Bernanke: … Continue reading

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Out of Airspeed, Out of Ideas

It seems to be that we are rapidly approaching the endgame in our handling of the financial crisis, the endgame being buying our own debt (which simply means printing the money we need). Ben Bernanke, erstwhile head of the Fed, … Continue reading

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Latest Bailout: Insurers

Your investments stink and you lose a lot of money. If you are the average individual, you are out of luck. If you are an insurer, the government makes it good for you. No moral hazard there.

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Alan Greenspan – Weasel

Sir Alan is desperately trying to weasel his way out of responsibility for the mess that we are in. Fortunately, facts and data preclude him from doing so.

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Must Read of the Month (and probably Year)

Take the time to read this article from the Atlantic Monthly. Very important! Here is the heading paragraph. The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist … Continue reading

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Latest Trillion Dollar Plan-of-the-Week

This would be hilarious if it weren’t sending us all down the road to serfdom.  The latest “bank bailout plan” is Monday’s “Trillion Dollar Plan of the Week to Save the Economy.”  No doubt sufficient bonuses are included so that … Continue reading

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Where Did All Those "Investment Bankers" Get Their Education?

A pretty clever article exploring where all those brilliant guys on Wall Street who imploded, not only their own firms, but the economy as well, were educated. First place? Harvard Business School.

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