eric1234

The Bailouts Are Doomed - All of Them

This contest between the well paid, super sharp lobbyists against government lifers reminded me of the California engergy crisis when the market manipulating energy trading companies took the state to the cleaner with the help of the Bush administration. No contest.

A Fed About-Face on GMAC?

So, the government is giving GMAC billions so that consumers who can otherwise not afford to buy new GM cars can now do so with cheap loans. Hmmm, doesn't that sound just like the cause of our housing mess ... facilitating people to get into debts instead of doing without.