Tag Archives: Bailout

A few provocative questions for the Presidential debate

A lot of people have lists of questions they want asked at tonight’s (or any) Presidential debate. Most center on the current economic crisis.

I’d like to add five questions that I’m not sure are in many people’s list…

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Congress to America: Drop Dead

I’m not sure I know how to react to the news today that the House of Representative defeated the bill giving Treasury the ability to purchase mis-priced assets from the banking system.

As the market collapsed, $1.1 trillion was destroyed in falling share values held by Americans. That is much more than the $700 billion that Treasury requested. So we no longer have the $700 billion, and we lost another $400 billion. I can’t think of a better definition of “stupid”…

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Are Americans worthy of being saved?

Are Americans worthy of being saved?

During this financial crisis I have been wandering the halls of academia, blog space and the business world and I’m shocked by our people’s lack of comprehension about what is going on in the economy. The misperceptions about the current banking crisis, its seriousness, the implications, and potential solutions defy understanding. There are times when I just shake my head.

I have found that the groups of incomprehension fall into four camps…

Posted in The Annals of Protest | Also tagged , , | 9 Responses