regeya

'Bailouts' Are Misunderstood

"Cost to whom?"

Cost to shareholders who lose their investment, cost to "consumers" in the form of lost jobs, cost to retail when "consumers" no longer have jobs...

This isn't rocket science. When big companies fail, there's a domino effect.

Current Market Turmoil: You Can’t Explain 'Stupid'

Ponzi Scheme, feel free to send as much of your worthless paper to me as possible!

Honestly, is it just me or do the von Mises followers sound like anti-Marxists?

Fannie & Freddie Bailout? - Fast Money Recap (9/5/08)

"Understand that government bailouts and welfare state policies give more and more power to the federal government."

They could always claim that it stamps out terrorism. Everyone, especially Republicans, knows it's okay to expand the federal government's powers as long as it stamps out terrorism or otherwise expands our military and/or police-state powers.