« August 2008 | Main | October 2008 »
The House defeat of the bailout bill was good for both our democracy and our economy. Even the prospect of Wall Street holding a gun to its own collective head and threatening to pull the trigger - even the prospect of not getting the next round of campaign contributions – was not enough to make More...
Now that it looks like the Wall Street bailout will pass - unfortunately, there's no point in crying over spilled milk; better that we all learn to make toxic debt since the government will be creating a market for it. We can't afford to waste time making software, growing crops, or building stuf More...
"
From the Wall Street Journal:
"If Congress fails to approve the bailout, Mr. Buffett says, all bets are off. His investment in Goldman will "get killed, an More...
I've been wrong to advocate hedging the bailout bill with conditions; we should just say "NO".
We can take a fraction of the $700 billion dollars we save and use it for specific anti-recession measures. Let's start rebuilding our power grid; fix some bridges; maybe even help some homeowner More...
Update: I was wrong to try to hedge the bailout with conditions. We should just say "no". see http://blog.tomevslin.com/2008/09/just-say-no.html
Treasury Secretary Henry Paulson believes that his ex-colleagu More...
Update: I was wrong to try to hedge the bailout with conditions. We should just say "no". see http://blog.tomevslin.com/2008/09/just-say-no.html.
Let's assume there really are toxic weapons of mass economic d More...
It's tempting not to put any content into a post with this title today. Even a perpetual optimist like me finds his irrational exuberance dampened by what's happening in the world's financial markets. But there is good news and it's more fun to write about than doom and gloom.
Infl More...
Tom Friedman says we ought to be chanting "Invent, Baby, Invent" rather than "Drill, Baby, Drill". Forget that this is a false dichotomy (or More...
"America Being Stupid" is the headline on Thomas Friedman's latest column in the New York Times. It's a rant against the possibility of offshore drilling.
"Why would Repu More...
Mary was actually the first to spot this trend. Used to be that my spam filter was full of offers to enlarge my body parts, even those I'd rather not enlarge. Second hottest category was offers of medicine More...
About