Hot Richard

Geithner, The NY Fed, And AIG's Missing Disclosure

"Because the last thing we want to do is to put the gravy train of political contributions ahead of the citizens of the US."

People are finally starting to see that which was obvious from the start. Both Republicans and Democrats were complicit in this act. I'd love to hear from their fluffers now.

AIG Up 409% and Still Not at Highs for the Year

The wealth transfer of bailouts isn't just for government. Thank you US Government. I will now resume my research of companies that will sky rocket with ObamaCare. Collectivist Investing 101.

$10 Trillion in Wall Street Aid and No Investigations?

The $10 trillion did nothing other than prove to everyone in Congress/Executive that there is no limit to their power or ability to transfer wealth to anyone they choose.

The sooner intelligent investors (who also have a keen political knowledge) admit that the US Constitution is meaningless in controlling Congress/Executive the better off you'll be. Guys, it means NOTHING. Today the Bill of Rights wouldn't even pass in the House. The US is continuing the transformation into a Euro-style socialism.

Why This Rally Is Unsustainable

Wearing a "Natinals" hat doesn't help!

Summarize it with "Rallies without real value creation always retreat."

I can't call the top. Good luck on those that want to try.

The Top 12 Brands Likely to Disappear

This is HORRIBLE! Please write your congressperson and urge him/her to bailout these brands to preserve the American way of life for the children. These brands are too big...a part of our past to allow to fail. They are also pretty logos and neat ads that keep a lot of people in jobs.

I only regret M-TV didn't make the list.

I'm with Scissors, worst SA article evah.

5 Perverse Bailout Consequences

Let's get a review of the "takings clause". Let's embrace this whole USSA-thing and tax the profitable top businesses to keep alive those businesses less profitable.

Unpossible? Un-American you say? Check out what the great state of Illinois is doing regarding taking from casinos (profitable) to give to horse racing (not so much make-ah the money).

Heck, even George Will wrote about it!

All your profits are belong to us!

How Bailouts Are Messing with Capitalism

Just say whoa,
First of all, it is "D'oh!"

"The whole point of bailing out banks is because it was one of the *major* mistakes to let banks fail that caused the Great Depression."

No. Miton Friedman was a smart guy, but you are possibly using his premise to mistakenly summarize TGD. Please consider reviewing something called "cause and effect".

Bank failures were caused by runs on banks by depositers to get their cash. But what caused the run on banks? Once TGD ran its course, what was the real reason the US recovered?

Please note that during the recovery, farmer Lucious P. Shortbloomers gave his cow an extra bucket of corn. Why do I bring this up? Because unlike the New Deal, Shortbloomer's cow feeding had no negative impact on the recovery even though it coincided with the recovery.

How Bailouts Are Messing with Capitalism

So government regulatory bodies fail, Congress loads the country with debt (for pork and "stimulus" ala Keynes), and the new President floats endless proposals for nationalizing private companies and "central planning" of salaries.

AND...we blame deregulation, free markets, and capitalism!

Will someone please kick me in my next life if I don't go into government work! It seems to be the only sure, easy thing in life.

AIG Exec Departures: What a Surprise!

"The DeSantis grand stand exit is worthy of an Academy Award."

I see better every day on CSPAN and yet you line up to vote for (and give money to) Congress at every opportunity.

I wish there was someway to let DeSantis know he's got a friend in Hot Richard.

AIG Exec Departures: What a Surprise!

Anyone here ever work for a really bad boss? Anyone ever work for a good boss?

A good boss is worth every dime to both his/her team, the company, and the customers. THAT is what you pay for.

I heard there were quite a few really good bosses at AIG (along with a few that made some pretty big mistakes). Is that a baby in the bath water over there!

AIG Exec Departures: What a Surprise!

It is almost as if, I SAY IF, government bailouts...which some call nationalization...has some issues.

No. No way. Must be the fault of free market, capitalism, greed, deregulation, and Peter Schiff.

I eagerly await my turn to parade in front of Capital Hill demanding Congressional salaries be taxed at 90% when THEY fail. But they didn't exactly sign up to deliver anything did they? D'oh!!