newshoggers.com - 11/15/2008
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By Fester:
In normal times, I would not support a massive bail-out of GM. However these are not normal economic times as we have entered a liquidity trap . Unusual and massive interventions are warranted to prevent a Japanification of the US economy. Salvaging the remains ...
online.wsj.com - 11/16/2008
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online.wsj.com —
I find myself in a lonely position. While
many states and local governments are lining up for
a bailout from Congress, I went to Washington recently to oppose such bailouts. I may be the only governor to do so. But I suspect I'm not entirely alone, as ...
(more)
Don't Bail Out My State
WWW.samefacts.com - 11/10/2008
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WWW.samefacts.com —
General Motors proposes that the public lend it
some dozens of billions of dollars more, and Obama
seems to think it's a good idea. Sad to see the new guy pooch a big decision so early. Detroit is certainly hurting, and the people who live there and ...
(more)
Don't bail out US automakers
news.bbc.co.uk - 11/12/2008
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news.bbc.co.uk —
The $700bn (£494bn) US bail-out package has already
"clearly helped stabilise" the financial system, US Treasury Secretary
Henry Paulson has said. But he added that there were still many challenges ahead and market turbulence was likely to continue ...
(more)
BBC NEWS | Business | Paulson says US bail-out working
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Auto Bailout
The Mahablog —
... at the forefront of getting national health care, to get health insurance costs off their backs. Why haven’t they done that? Because they are meatheads.
That said — I understand that allowing the Big Three automakers to fail would set off a chain reaction of job losses that could lead to as many as three million people losing their jobs.
So what are we going to do?
Josh Marshall argues that letting the auto industry fail is nuts. See also Fester, Publius, and even a couple of guys at Bloomberg. For a lot of reasons ...
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The Bail-Out Will Not Work
angrybear.blogspot.com 11/26/2008 — by cactus Let Me State Again: The Bail-Out Will Not Work, It Cannot Work I'm on vacation, and I check the news and Angry Bear and I find this crazy bail-out is growing like mad just in the last few days. I had a post at the start of this thing that ...
Do not bail out the Detroit Three
tigerhawk.blogspot.com 11/16/2008 — NYU finance professor David Yermack absolutely crushes the arguments in favor of bailing out the Detroit Three automakers. Teaser:
In 1993, the legendary economist Michael Jensen gave his presidential address to the American Finance Association. Mr. ...
Video: Bail me out, Obama!
hotair.com 2/23/2009 — Michelle has a clip from CNN that demonstrates the silliness of the mortgage-bailout efforts of the Obama administration. [...] Read the rest »
How long before we have to bail out the NFL?
hotair.com 12/5/2008 — This is a trick question, of course. Thanks to dark threats of relocation, NFL owners have extorted billions from cities, counties, and states for publicly subsidized but privately owned stadiums. Some of them even made money selling naming rights to financial institutions that will be eating ...
U.S. Says It Will Bail Out Christmas
online.wsj.com 12/13/2008 — With the government on the brink of rescuing the U.S. auto industry, we have learned that the Treasury Department is drawing up plans to bail out Christmas. "We have reason to believe," said a person close to the matter, "that without an immediate ...
California: Hey, why not bail us out, too?
hotair.com 11/14/2008 — California has a whopping $28 billion dollar deficit , thanks to their inability to control spending. When Governor Arnold Schwarzenegger first took office on a platform of fiscal responsibility, the Golden State deficit was around $6 billion. It ...
Hey, why not bail out everyone?
betsyspage.blogspot.com 1/8/2009 — Since every other group from newspapers to universities is lobbying to get a piece of whatever federal bailout the Obama administration comes up with, why not bail out the porn industry? Apparently, they need a hand out also. Hustler publisher Larry ...
While we’re on the subject of bail-outs…
wordpress.redstate.com 12/9/2008 — Jon Corzine had an idea or two about the “housing crisis”. He’d like to do a couple of things. And because he’s a Democrat and has no clue about The Law of Unintended Consequences, he - and the Democrat controlled legislature ...
Six Ways Feds Might Bail Out Citigroup
clusterstock.alleyinsider.com 11/23/2008 — Reuters compiles six ways that the Feds might bail out Citigroup. It's hard to see how any of them will save common shareholders:
More preferreds: The US Treasury Department bought $25 billion of preferred shares and warrants from Citigroup in ...
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