Monthly Archives: October 2008

Archive of posts published in the specified Month

What is Missing from the Bailout

There are some interesting alternatives to the bailout being discussed among some very bright people. But most unfortunately the urgency precludes much discussion and consideration of alternatives, regardless of their merit. I share a concern that Fannie Mae will continue

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Ice Cream You Can Believe In

Posted at the PETA site- A call to Ben and Jerry’s to use Human Breast Milk instead of cow’s milk for their ice cream. Storchen, a (very innovative) restaurant in Switzerland, has just announced that they will be unveiling a

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Learning from Dan Rather

by Henry Oliner When Katie Couric interviewed Sarah Palin she asked the VP candidate about meeting with Ahmadinejad without preconditions. Palin said she would not. Couric replied that Henry Kissinger said that he would. Palin said that she did not

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Inconsistant Outrage

I have long been a critic of excessive executive compensation, and now Congress is exceptionally upset over the high bonuses paid to Wall Street executives of firms that are now in collapse. I would also include the excessive pay to

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To Hell With Bipartisanship

I am disgusted with Pelosi’s call for bipartisanship. She makes the most partisan statement on the cause of the crisis which is a total lie, and then calls on the opposition to act in a bipartisan manner to resolve the

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The Tyranny of Crisis

Edward Leamer, Economics and Management Professor at UCLA offers an alternative to the Paulson plan here. Please read it. Leamer advises using a fraction of the Treasury money to actually buy the houses that are clogging the market rather than

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Pelosi’s Chutzpa

If you have been reading my blogs, you know my opinion on the origin of the recent financial crisis. It is largely about Fannie Mae, subject only to Congressional oversight, exempt from SEC oversight like no other financial institution. It

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