I have never been one for protectionism, as the grandson on an Irish Immigrant, I firmly believe in an open door policy, yet like the challenges my grandfather faced the United States can only hold the hope that opportunity offers. Not a … [Read more...]
The Bank Dick (2009 edition)
In 1940, W.C. Fields released one of his biggest hit movies, "The Bank Dick." Lest you titter, Wikipedia helpfully explains that "[a]t the time, dick was common USA slang for detective." Today, of course, "dick" is slang for something … [Read more...]
DEMOCRAT Party Hypocrisy? Who’da Thunk?
Headlines Today: "Historic Obama Inauguration will cost only $120 million" http://abcnews.go.com/Business... "Obama Spends $120 million on inauguration; America Needs A Big Party" http://foolocracy.com/2008/12/... "Citibank executives … [Read more...]
The most infuriating news article of 2009?
After Rick Warren, I mean. Most of the banks that received the [TARP, or federal bailout] money are far smaller than behemoths like Citigroup or Bank of America. A review of investor presentations and conference calls by executives of some … [Read more...]
Turn on a light, Economics 101; Tarp money myths and misstatements. With Poll
Let me preface the discussion with the comments that preceded her statements, Peggy Noonan was criticizing the outlandish bonuses that were received during the time when these banks were making high risk bets that have ultimately cost you … [Read more...]
Don’t Tell Me Citigroup Doesn’t Deserve A Bailout!
From Bloomberg News Service we learn that: Jan. 15 (Bloomberg) -- Citigroup Inc. plunged as much as 25 percent in New York trading on concern the bank may be forced to seek more government assistance on top of the $45 billion of U.S. funds … [Read more...]
And the NEXT industry seeking a bailout and “stimulus package” is:
http://www.telegraph.co.uk/new... Is this for real, folks? … [Read more...]
Bailout Money in Cabo
Dear Senator Kerry, Senator Kennedy, Rep. Olver: While taking a once-in-a-lifetime whole family vacation (19 of us from around the country!!) to Cabo San Lucas, Mexico over the holidays, I couldn't help but notice the four or five dozen … [Read more...]
Yes We Can!
In 1980, Ronald Reagan was elected president. He proclaimed that it was "morning in America". He then proceeded to ignore every long term problem facing the country and the world, while busting unions, doubling the military … [Read more...]
Ill. Gov. suspends business with Bank of America
Gov. Rod. Blagojevich from Illinois has ordered all state government agencies to suspend business with Bank of America after receiving a $25 billion bailout yet failing to restore the credit to the Republic Window and Doors company in … [Read more...]
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