I thought we could use a thread to discuss the insanity that reigns in the financial world today. You all already know the news. IndyMac taken over by the FDIC in the third-largest bank failure in US history. The bailouts of Fannie & Freddie have begun.
Here’s another take on the weekend news:
Now [...]
Entries Tagged as 'bailout'
Who gives a RA about the banks, anyway?
July 14th, 2008 · 168 Comments
Categories: News
Tags: bailout, banks, economy, Fannie, FDIC, Freddie, IndyMac
Seattle Bubble Speaks out Against Bailouts on NPR
April 9th, 2008 · 79 Comments
Stop the Mortgage Bailout, Patrick.net, and Seattle Bubble were featured this morning in a segment called Opposition to Proposed Homeowner Bailout Growing on NPR about the various government bailout plans.
You can listen to the full three-minute segment on NPR’s website. Here’s a little clip of my appearance:
The house Mr. Kaste and I were standing [...]
Categories: Media
Tags: bailout, government_meddling, Media, NPR, radio
Stop the Mortgage Bailout
April 3rd, 2008 · 42 Comments
There’s a new site called Stop the Mortgage Bailout that aims to draw attention to the anti-bailout cause and educate people about what a bailout would really mean.
From the site:
A bailout is morally irresponsible because it encourages irresponsible and irrational behavior. Here is a short list of the many “moral hazards” that a bailout enables:
A [...]
Categories: News
Tags: bailout, government_meddling
Local Public Radio KUOW On Government Bailouts
March 26th, 2008 · 25 Comments
A friend pointed me toward an interesting radio segment that aired on local public radio KUOW today: Should the Federal Government Bailout Banks and Homeowners?
You can listen to the full segment at the link above. Here’s a short excerpt from the beginning:
It seems that most of the people that called in were against a [...]
Categories: Media
Tags: bailout, government_meddling, KUOW, radio

