Pages
I can't see the transparency
by
Mar 17, 2009
A few weeks ago, Treasury Secretary Tim Geithner unveiled the Financial Stability plan, the next phase of government intervention into the...
The truth Hertz
by
Mar 17, 2009
GM finally acknowledged today in its annual report that its survival is in "substantial doubt." GM said it could be forced to file for bankruptcy...
Wow, somebody doesn't like Geithner
by
Mar 17, 2009
Yesterday, I mentioned a book coming out next week called "House of Cards." It's about the collapse of Bear Stearns. Another excerpt was...
AIG makes me angry too
by
Mar 4, 2009
The more I read and think about AIG, the closer I get to having a conniption. Even Bernanke said it yesterday: nothing makes him angrier than the...
Drive 'em into the ground
by
Mar 17, 2009
The latest car sales numbers just came in, and they truly are bad enough to make a grown man cry. GM and Ford sales fell by half in February. At...
Dracula, the insurance company
by
Mar 3, 2009
I felt like I was watching a bad horror movie this morning as Fed Chairman Ben Bernanke testified before Congress. Bernanke said the government...
Greed and blindness
by
Mar 17, 2009
There's an ugly, human thread that runs through all of the collapses and fraud on Wall Street. Two items I read this morning point it out clearly....
Burning down the house
by
Mar 2, 2009
Q: What happens to money when you throw it into a fire? A: The same thing that happens when you give it to AIG. Today's 4th bailout of the...
If it quacks like a duck...
by
Mar 17, 2009
At this economic bloggers conference I'm attending, we had a discussion last night about how no one in charge will say the word "nationalization." ...
Airplane Reading
by
Mar 17, 2009
I read some interesting stuff on my flight to Kansas City, which I'll get to in a moment. But first, my flight. I don't fly Southwest often, but...
