Posts Tagged ‘ too big to fail ’

AIG wasn’t too big to fail after all

June 30, 2009
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From Fox Business: EXCLUSIVE: AIG Apparently Was Not ‘Too Big to Fail’ Despite their public comments that a failure of crippled insurance giant American International Group (AIG: 1.34, 0, 0%) could sink global financial markets, U.S. government officials considered in late January and early February allowing AIG to file for bankruptcy, according to documents...

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The Ballad of the Kleptocrat

May 21, 2009
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The Ballad of the Kleptocrat

Boomtown Rats: Looking After #1 The world owes me a living I’ve waited on this dole queue too long I’ve been standin’ in the rain for fifteen minutes That’s a quarter of an hour too long. I’ll take all they can give me And then I’m gonna ask for more Cos the money’s buried...

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It’s a good thing we’re not just printing money …

April 20, 2009
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Take into account that this video was produced in December 2008. httpv://www.youtube.com/watch?v=OV3k03FXwLk At 3:07, here’s the best part: “Before shifting from theory to evidence, we should quickly note that government could finance stimulus by printing money rather than borrowing. Thankfully, that option doesn’t seem to be on the table, since nearly all politicians now...

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The Government Takeover

April 20, 2009
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US to put conditions on TARP repayment Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest, a senior administration official has told the Financial Times. “Our general objective is...

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Bloomberg: Bailout Process a “scam”; destroying “democracy”; impending “Weimar Republic”

April 14, 2009
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Read the entire article, especially towards the end where they talk about how the Fed will have to start issuing it’s own securities so that they can buy out more of the American economy without having to ask for permission from Congress. Some choice quotes: “Here’s a sketch of how it works. Many financial...

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