openleft.com - 3/24/2009
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The Wall Street Journal has an article up about the Obama administration's outreach efforts to Wall Street. Among the cute stories about hashing out the housing plan over pizza with banking executives, come the underlying story of how the bonus tax threatened the Wall Street bailout itself. Far ...
justoneminute.typepad.com - 3/26/2009
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justoneminute.typepad.com —
During his press conference Obama explained, apparently with
a straight face, that making it more expensive for
people to donate to charity will not affect the level of charitable donations. He further insisted that he was basing this ...
(more)
I Give Up!
weeklystandard.com - 3/25/2009
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weeklystandard.com —
Ben Smith reports : Geithner, at the Council
on Foreign Relations, said the U.S. is "open" to
a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace ...
(more)
How to Destroy the Dollar Without Really Trying
corner.nationalreview.com - 3/19/2009
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corner.nationalreview.com —
I usually agree with the guys at Clusterstock,
but I think they're wrong about the AIG bonuses
-- though at least they've actually thought about the problem for longer than it takes to churn out a press release containing the word "outrageous" The ...
(more)
More Thoughts on the AIG Bonuses
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Around the Web in 80 Seconds, 03.24.09
The Latest on Air America —
US stocks surge in a giant day of advances after news of a new approach to toxic assets . Related: fifteen of the twenty AIG bigs who received unreasonable amounts of bailout dough have since returned it in shame. In the biggest check-this-out moment in the history of trains, Japan announces its bullet train will not only be on time, it may beat time all together with a top speed of 310 miles per hour . Obama seeks filter-free news . In other news, the whole notion of truth has been replaced by a bad iPhone klaxon horn application. Yes folks, it's one of the stupidest discussions ever to grace the ...
Stiglitz Calls Geithner Plan “Robbery of the American People”
Matthew Yglesias —
I think Joe Stiglitz is being a bit unfair here:
The U.S. government is basically using the taxpayer to guarantee against downside risk on the value of these assets, while giving the upside, or potential profits, to private investors, he said.
“Quite frankly, this amounts to robbery of the American people. I don’t think it’s going to work because I think there’ll be a lot of anger about putting the losses so much on the shoulder of the American taxpayer.”
It’s a bit more subtle than that. The government is guaranteeing ...
The “reality-based community” meets reality
Patterico's Pontifications —
... The horror!) over the notion that Obama is not forcing employees of TARP fund recipients into indentured servitude (though the big banks were ...
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Bonuses At AIG
obsidianwings.blogs.com 3/16/2009 — by hilzoy From the WSJ : "American International Group Inc. will pay $450 million in bonuses to employees in its financial products unit. That division was at the heart of AIG's collapse last fall, which compelled the U.S. government to provide ...
How Obama and the Democrats will Destroy the U.S. Economy
westernfrontamerica.com 12/8/2008 — Obama enters the Oval Office as perhaps the President who is most committed to the murderous objectives of the environmental movement that took root and have expanded since the 1960s. It is instructive that its impetus was “Silent Spring” by Rachel Carson, a screed against DDT and all chemicals ...
Why The Bonuses Make People Angry
openleft.com 4/1/2009 — Here is the lalalalalalalalalalala response to the AIG bonus story from the administration:
"People are not sitting around their kitchen tables thinking about AIG," Axelrod said. "They are thinking about their own jobs."
Wow. That is a lot of ...
Why The AIG Bonuses Were Right
rhymeswithright.mu.nu 3/26/2009 — I've not commented on whether or not those bonuses to AIG executives should have been paid or not. I've heard lots of discussion both ways on the issue. But today's New York Times carries the resignation letter of one of...
Whom the Gods Would Destroy
americanthinker.com 3/31/2009 — Obama voters are living in a comic strip of their own devising, and it may take a really life-threatening national crisis for them to come down to earth.
The Obama Economy
pajamasmedia.com 3/9/2009 — This semi-opinion piece from the AP is to my mind, less about the economy than it is about the MSM’s changing view of Obama’s economy. The gist of it is that Obama’s ability to pin the current woes on his predecessor declines with ...
Geithner to map U.S. financial regulation reform —
Reuters: Politics 3/24/2009
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner will face tough questions from lawmakers on Tuesday as he spells out the basics of the Obama administration's plans to reshape financial regulation at a high-profile congressional ...
U.S. woos buyers of toxic assets —
Reuters: Politics 3/24/2009
WASHINGTON (Reuters) - The U.S. financial system still faces risks requiring government intervention to avoid a more destructive recession, President Barack Obama said, before a critical week of fleshing out and selling his recovery plan.
First 100 days: Previewing the presser —
First Read 3/24/2009
Previewing tonight’s big political event, the AP says that “Obama is virtually certain to use Tuesday's prime-time news conference to continue an effort that began over the weekend: cooling the anti-AIG ferocity, now that it threatens to ...
First 100 days: Wall Street sure liked it —
First Read 3/24/2009
The New York Times front-pages, “The Obama administration’s new plan to liberate the nation’s banks from a toxic stew of bad home loans and mortgage-related securities is bigger and more generous to private investors than expected, but it also puts ...
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