User 299387

The Decline of Credit Cards

shorter Felix Salmon.

Anytime government runs a deficit I pick up my pom-poms and scream rah-rah-rah....

If an individual runs a deficit I tsk tsk tsk....

Let's Hurt the American Financial Services Industry

when I read stuff like this from Salmon I have to remind myself that he was on the sidelines cheering on the collapse of Lehman Brothers saying it was a good thing.

Peak Oil, Cars, and Depressions

The author of this piece has not thought through his ideas very well. A pre-packaged bankruptcy is just a fantasy. The amount of paperwork involved (just reviewing the 16,000 dealer franchise agreement will take forever) and getting agreement amongst the bondholders, unions, management, and the government are impossible to do. Bondholders will not agree to getting cut in half or more unless they unions agree to more concessions. The mechanics of getting this done are just impossible.