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More Bailouts on the Way
At last night’s debate, Senator McCain floated a horrible idea: to have the government buy up bad mortgages and then write off part of…
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Global Warming Alarmists Want Entire World to Become Cuba
If you looked around the world today, you probably wouldn’t say the top problem was people eating too much meat and drinking too much milk. …
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Hank Paulson’s Phishing Scheme
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Shock, Shock … the Climate Catastrophe Lobby is Telling Fibs
This undoubtedly will shock readers, but the Intergovernmental Panel on Climate Change has a tendency to shade the truth. And only in one direction. It…
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NEW VIDEO: Global Warming and Eco-Imperialism
Coming from the UK, CEI Senior Fellow Iain Murray knows a little something about the history of political empires. Today, however, we find ourselves…
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Sketch Pulled from SNL focused on the Wall Street Bailout
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Quotes of the Day
Arnold Kling: Instead of thinking of the pending bailouts and financial regulation as a new era of government supervisions of markets, think of it…
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Deregulation Wasn’t to Blame for Financial Crisis
Even the reliably-liberal BBC says that deregulation wasn’t the cause of the financial crisis. Other liberal journalists like Washington Post columnist Sebastian Mallaby have…
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EverBank Can Multiply Your Financial Woes
Is any of our readers an expert on banking laws and customs? The reason I ask is that recently, EverBank World Markets, after agreeing to…
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Neither carrots nor sticks II
Further to my earlier post on Latin America, The Wall Street Journal‘s Mary O’Grady points to a good way for the U.S. to…
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Neither carrots nor sticks
Few things are as exasperating as watching two sides argue — and neither rise above being half-right, at best. Still, the resulting exchange in this…
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The Bailout will cost 20% of the entire current budget
My Calculations: The 2007 federal outlays from fiscal year 2007 were 2.73 trillion. The 700 billion is to be allocated before Dec 31, 2009…
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Lehman Bros hearing — Rep. Maloney blames deregulation, ignores her own role as Fannie’s enabler
At the hearing being held today by the House Oversight and Government Reform Committee, in which former Lehman Brothers CEO Dick Fuld is now…
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Bailout Dangerously Concentrates Power, Harms Economy
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“All the sanctimony without all the effort”
Thus sums up Buck Strickland his love of carbon offsets in last night’s new episode of “King of the Hill.” Buck, owner of Strickland…
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Election Season Gives Me Imaginary Relatives
The upcoming election has given me new relatives, all of them imaginary. The Obama campaign’s get-out-the-vote operation calls my house on an almost daily basis, trying…
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All of the bailouts are expected to $1.8 trillion and we get “green credits” and IRS fun!
Thanks to Declan McCullagh for his article that highlights the non-financial portions of the bailout. Particularly useful is his chart (with information from Reuters)…
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Market down on bailout — Don’t compound damage with overregulation of ‘Main Street’
Today -- five days after a courageous independent vote against Treasury Secretary Hank Paulson's $700 billion bailout for Wall Street -- the U.S. House of…
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Better Lifestyle Bureau?
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Bash the Bailout: Government is Not the Answer
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Carbon audit: Can we turn this threat into an opportunity?
Section 117 of the just-passed bailout bill requires a "carbon audit" of the tax code. The provision requires the Secretary of the Treasury,…
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CEI President Issues Statement on the Bailout
Statement of Fred L. Smith, Jr., President of CEI: The bailout bill that passed the Senate is no improvement over the bill the House rightly…
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Bailout Bill Grows More Bloated, Ignoring Alternatives
There are alternative approaches to the bailout that would cost taxpayers less. But instead, Congress is expanding the bailout bill to stuff it with more…
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Kling hits secondary market — misses benefits
Arnold Kling hits the creation of the secondary market for mortgage loans as the major factor -- 50 percent — causing…
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Bailout Bill Gets More Expensive and Dangerous
The politically dangerous $700 billion financial system bailout bill is getting even more expensive as supporters load it up with pork to get wavering…
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Duplicating Bailout efforts
ACORN is speaking against it—maybe it will actually help! This past summer Congress passed “Hope for Homeowners” which took effect Monday. Distressed borrowers can…
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Bureaucrash Launches New Social Networking Site
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Life’s two certainties (being sold out by the Swiss may be one of them)
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Why the Bailout Won’t Help Money Markets
It will actually divert money to the Treasury from commercial lending. Naked Capitalism has more, concluding: When Paulson dumps out his 700 billion in…
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Bailout Bill Is A Threat to Democracy
At least in its original form, the $700 billion bailout bill was unconstitutional because it gave the Treasury Secretary boundless discretion to buy, or…
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Deregulation Didn’t Cause the Financial Crisis, But It Might Help Solve It
Banking expert Peter Wallison explains why deregulation didn’t cause the financial crisis, while Steven Malanga explains how government regulators foolishly pressured banks to drop prudent lending…
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CDS’s House of Cards
It’s been called a ticking time bomb by Investor’s Business Daily. CNNMoney asks if this will be the next disaster. Yet the Feds…
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Another bad bailout idea — raising deposit insurance cap is regressive and counterproductive
As the Wall Street crisis has expanded, politicians are falling all over themselves arguing on behalf of the “little guy” against “fat cats.” But in…
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Let’s Eliminate PMI-As-We-Know-It
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SEC Loosens Rigid Accounting Rules
Rigid mark-to-market accounting rules may have triggered the current financial crisis by artificially undervaluing mortgages and securities (making financial institutions appear insolvent). Even the…
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The Market’s Winners and Losers
The People have spoken. They have picked the Market over the Government to be the chooser of winners and losers. Here are the Market’s choices…
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What Are Markets For?
There are all sorts of people today who normally talk about free markets but who have got themselves into a tizzy over the failed bailout.
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Republican Study Commitee plan now best viable alternative
The stunning defeat of the Hank Paulson’s socialism-for-Wall Street bailout on Monday has just made planks of a pro-free market alternative much more viable. As…
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Bailout fails — Move on to Mark-to-Market Reform
Oh, Happy Day! And it certainly is for all those who value freedom, responsibility and the true free market in which individuals are free to…
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Investing in Communal Failure: The Current Economic Crisis as a Result of Regulation
Unfettered greed is the suspect many point at to explain the current economic crisis. To some extent, they are right, but it isn't irrational…
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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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