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Stocks Climb as House Rejects Bailout
Though the bill may have been defeated for the wrong reasons—like the lack of freebies, giveaways, and handouts that many on the left had hoped…
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BREAKING NEWS: Bailout Vote Fails in House
The House of Representatives just voted down the $700 billion corporate finance bailout, despite earlier urging from President Bush to push the measure…
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LibertyWeek 9: Ballparks & Bailouts
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Bailout Bill Just Got Worse, But Congress May Approve It Without Reading It, Based on Misleading Claims
The bailout bill has been larded up with additional welfare that will increase its cost, but the House will likely approve it today without…
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Bailouts to local govts and also foreign authorities
Andy McCarthy on National Review’s Corner points out, The scheme “[a]llows the government to purchase troubled assets from pension plans, local governments, and small…
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$700 billion to worsen economy? — Berlau in American Spectator
Here are excerpts from my story in today’s American Spectator Online on how the $700 billion bailout could actually make things worse — in terms…
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Hurry up with that exchange
Credit default swaps remain a large part of this financial crisis, with some analysts crediting the failures in the $58 trillion market as more important…
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Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed
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Bailout Pushes Affirmative Action After “Diverse” Bank Collapses
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Remove ACORN Slush Fund from Bailout Bill
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Beachcombing on the Bailout
Here are a few treasures I found this morning: Kathryn Jean Lopez on National Review Online points out that some of the 20% of…
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Bailout Bill Drafted by Senator Dodd Is a Scam on Taxpayers to Bankroll Left-Wing Extremists
The $700 billion bailout of the financial system just got worse, thanks to a rewrite by Senate banking committee chairman Chris Dodd. If the government…
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Le Schadenfreude?
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Welfare Added to Bailout to Appease Liberals
The cost of the $700 billion bailout bill, criticized as unconstitutional by legal scholars, is rising, as Congressional leaders demand new handouts for deadbeats (and…
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More, thicker, and earlier Arctic Ice
Where was the press release from National Snow and Ice Data Center? In the past they had these breathless ones: “Arctic Sea Ice Reaches Lowest…
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Bailout Bill Is Unconstitutional Delegation
Constitutional experts have concluded that that the $700 billion bailout bill is an unconstitutional delegation of power, in violation of constitutional separation-of-powers safeguards. I earlier reached the…
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Kudos to Republican Study Committee for bailout alternative
Those of us (and CEI is among the “us”!) who oppose Treasury Secretary Henry Paulson’s $700 billion bailout of Wall Street have been challenged to…
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Bailout Bills, Illegal Aliens, and Weird Lending Practices
The proposed $700 billion bailout is “dangerous, inflationary, unnecessary, and unconstitutional,” funds left-wing special-interest groups, ignores less costly ways of propping up financial markets, and fails…
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Do Pre-Schoolers Vote in Virginia?
Virginia is a key battleground state in this election, with polls showing Obama and McCain very…
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NHS Reform: A Few More Brits Might Survive
Great Britain’s Vaunted National Health Insurance won’t pay for necessary drugs to its patients, but it has refused to allow them to contribute their own…
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The new 4th branch of government
I’d rather my government individually bail out each institution that is “too big to fail” and let the smaller imprudent ones fall, sending them a…
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When ‘reporting’ is replaced by opinions
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Massive Bailout Plan Menaces Economy, Triggering Opposition
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Answers
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Chimeras
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Cost of Bailout Gets Bigger; SEC Regulation Backfires
The financial bailout bill is not just “dangerous, inflationary, unnecessary, and unconstitutional.” It’s also a lot more costly than the government admits, judging from the hypocritical arguments…
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Strictly circumscribed containment
From today’s Washington Examiner editorial: “There are credible alternatives to the Bush administration’s bailout approach. Economist Brian Westbury, for example, suggests allowing troubled…
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Bailout Bill Dangerous, Inflationary, Unnecessary, and Unconstitutional
The $700 billion financial bailout bill being pushed by Bush and Congressional leaders is attracting broad opposition. Not only does it rip off taxpayers…
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Socialized Health Care Feels Like it is … Socialized!
Want to nationalize American health care? Just compare what it’s like to be treated in America and in Britain. Writes F. Brinley Bruton: A…
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Bailout Threatens Economy, Shreds Constitution, Rips Off Taxpayers
The stock market sank as the Bush Administration capitulated to liberal demands that its proposed $700 billion bailout of the financial system be expanded to add more…
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Mark-to-Markets for Dummies
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Paulson bailout would worsen contagion-spreading accounting rules
My colleague Hans Bader is correct that most of the aims of Treasury Secretary Henry Paulson's $700 billion bailout -- stopping the "contagion" of…
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$700 Billion for Disastrous Financial System Bailout
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Carney on AIG’s big government ways
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My Heart Bleeds
From today’s Greenwire: NEW YORK — The crisis roiling Wall Street is threatening to choke financing for green energy projects. Venture capitalists and private equity…
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Trillion Dollar Bailout Will Lead to Future Bubbles
Why did the mortgage bubble occur? One reason was probably that financial institutions engaged in irresponsible lending suspected they were too "big to fail," and that the government would bail them out if their…
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The ‘Naked’ Truth — Short sellers are unsung financial heroes
At the peak of the real estate boom, there was one group of individuals who said the bubble was about to pop. They pointed to…
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Eurocrats Push European Consolidation
Nothing horrifies the New Class of bureaucrats, intellectuals, politicians, and activists than an aroused public dedicated to defeating their plans. The Irish vote against the…
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Financial Regulators Not the Answer
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Are There No Workhouses?
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More on the Energy Bill
I have a post up about the terrible energy bill currently before Congress on The Hill’s Congress Blog. The teaser: The Energy Bill currently…
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Lehman Bros: The Environmentalist Connection
If you go to the web site of the Alliance for Climate Protection, the group that is sponsoring the $300 million “We Can Solve It”…
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LibertyWeek 8: Cheese for Dogs
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College Official Ignorantly Claims Pacific Northwest Is Racist
Is it worth it to spend $49,385 a year to send your kid to Connecticut College? The answer is no, judging from a wacky,…
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Blame Canada (arts funding)
In any list of programs that could be easily cut without much disruption -- except to a small rent-seeking elite -- is arts funding. It…
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Clinton Pressure to Promote Affordable Housing Led to Mortgage Meltdown
The current mortgage crisis came about in large part because of Clinton-era government pressure on lenders to make risky loans in order to “make…
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Lehman bankruptcy: In capitalism, failure is not a dirty word
My reaction to Lehman Brothers' declaring of Chapter 11 bankruptcy and the refusal of Treasury Secretary Hank Paulson and others to take extraordinary Bear…
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Toronto buys into crap on garbage
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Defenders of Big Government Spawned Mortgage Crisis
The Heritage Foundation today discusses the bankruptcy of the great Wall Street investment bank, Lehman Brothers, and explains how defenders of big government caused the mortgage crisis. …
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