Wednesday, September 24, 2008

Red Line Express

The Red Line Express
I have by the way altered my opinion on the 700B bailout plan. It may well be the only way to stem the tide, but the only thing that is guaranteed by the Bush-Paulson plan  is a second tier gummint that can't be questioned or reviewed.  Screw that. Better to cleanse our bowels the old fashioned way, with me in a soup line, if that's what it takes. But, there are benefits.

“ A lot of attractive office space seems to be opening up in midtown Manhattan, for instance, and the U.S. government is now getting paid to borrow money. (And with T-bills yielding 0 percent, they really ought to borrow a lot more of it, and quickly.) ”

That was Michael Lewis talking about "Bright Side of a Total Financial Market Collapse."  Here's more Lewis.

“ "We've just witnessed the largest bankruptcy in U.S. history and we know neither the inciting incidentnor the deep cause. ”
Well, ex-cuuuse me, but I think we do have a big-bang moment here.  Congressional Black Caucus charges that Blacks were being "redlined" because of race started the ball rolling.  Look it up. Sorry for the racial component, but there you have it, Extrapolate.

9/24/2008 11:08:00 AM 7 Comments

"If the number of Islamic terror attacks continues at the current rate, candlelight vigils will soon be the number-one cause of global warming. "
Argus Hamilton


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7 comments:

Anonymous said...

Hmmm, I've extrapolated and what I get is F to the R to the E to the E.

o-m-w

9/24/08, 11:30 AM
Anonymous said...

Color should always be the main consideration when deciding whether to make a loan to anyone.

The color green.

(What color did you think I meant?)

9/24/08, 1:06 PM
rockville said...

An article at Marketwatch today suggests financial jihad:

"There was chatter on the Beltway that we may have been the victim of economic terrorism, a coordinated short raid that originated in London and Dubai.

While the legitimacy of that remains to be seen, my source is well-respected. Further, as the goals of terrorism are economic destruction and social upheaval, it makes some sense. The stock market is the world's largest thermometer and breaking the capital market construct -- as some would say they did last week -- would effectively achieve both goals."

No named sources at all, but it's something to consider. The article doesn't say it, but an attack on the US economy would be also expected to help B. Hussein Obama. In that light, the timing couldn't be more suspect.

9/24/08, 2:30 PM
Jon said...

As Ronald Reagan put it, the 8 most terrifying words in the english language are "I'm from the government and I'm here to help"

The government caused the problem and any intervention on their part now only heaps the burden on the back of the taxpayers. Time to go back to a free market economy which rights itself over time. It isn't the governments job to bail out businesses for poor judgment. If they fail, they fail.

9/24/08, 2:51 PM
Rodger the Real King of France said...

Here's $5 on Soros's involvement.

9/24/08, 2:58 PM
Anonymous said...

I'll bet my doughnut against your fiver, Rodger. And I heard an interesting solution to the problem today. Kill all investment taxes for two years. Capital gains etc. Then we wouldnt need the guvmint and Pelosi could blow me. I know, I was a sailor. They ALL look good when you're looking at the top of their head.
Tim

9/24/08, 5:10 PM
OregonGuy said...

Rog--

We can think. We can't say. Wouldn't be prudent.
.

9/24/08, 9:02 PM

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