• News

    We’re Bigger Than U.S. Steel

    Who said the Russians don’t know bailout? When Mikhail Fridman (close ally of Putin’s administration) got himself on the wrong side of Deutsche Bank and friends to the tune of $2 billion, the Kremlin simply wrote him a check, which he steadfastly refused twice before finally giving in. In Former-Soviet Russia, bailout begs for you. […]

    / Oct 29, 2008 at 9:09 AM
  • News

    I See What You Did There

    Remember, not too long ago, how much noise Congresscritters were making about “rewarding irresponsible investment bankers”? Well, CNBC has come full circle today. After The Beard was prodded after bailing out state and local governments, since we are in the bailout mood, you just knew that CNBC was going to ask why we are rewarding […]

    / Oct 20, 2008 at 12:13 PM
  • News

    (Prematurely) Grading The Bailout

    In the wake of the worst single day performance on the Euro stage in recent memory for the Dollar, you might sit up and take notice. Of course, an injection of $700 billion is going to impact the dollar however you do it, so I say ignore the European foreign exchange nerds all together. Still, […]

    / Sep 23, 2008 at 9:06 AM
  • News

    Where Does the Line for “Ultra-rich” Start and Do I Qualify?

    Congress has no right to give the White House and its Secretary of the Treasury the power to transfer the people’s money to the richest bankers in the country. Vote No to the Bailout legislation. The Bailout legislation is being rammed through Congress in a matter of days. This is an illegal power grab by […]

    / Sep 22, 2008 at 2:25 PM
  • News

    Bailout Blues

    It probably isn’t surprising that Wall Street initially focused on the figure rather than the text of The Bailout Plan (it being so large and broad in scope that proper noun capitals seem appropriate here). $700 billion looks almost comfortably close to the $1 trillion that everyone seems to think represents the amount of toxic […]

    / Sep 22, 2008 at 8:04 AM

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