Financial Crisis

On Nationalization

Lawrence A. Hunter, Ph.D.
March 9, 2009

If Starbucks went into bankruptcy would we say it had been "nationalized?" No, we wouldn't; we would say it went bankrupt. Would we find the bankruptcy proceedings an unwarranted government intervention? Only the purest of pure anarchists would. Read More...



On Toxic Assets

Lawrence A. Hunter
March 9, 2009

The argument over mark-to-market disguises the real debate, which is whether or not to extend forbearance to banks deemed “too big to fail” due to the “systemic risk” they pose for the system. Those favoring forbearance ASSUME the whole asset is really worth the sum of the asset's component parts but for some reason the market cannot ACCURATELY access that TRUE (whole = sum of parts) value right now; Houston, we have a TEMPORARY problem; however, not to worry, the anti-MTM reasoning continues, whatever impediment is currently confusing the market will sometime in the (near?) future go away and the market value of the whole asset will then once again rise to equal the value of the sum of its parts. Read More...
 

Times247.com Poll

<a href="http://www.sodahead.com/united-states/should-members-of-congress-be-forced-to-return-profits-derived-from-deals-that-involved-insider-info/question-2298229/" title="Should members of Congress be forced to return profits derived from deals that involved insider information and where should the money go?">Should members of Congress be forced to return profits derived from deals that involved insider information and where should the money go?</a>

Recent News

Federal Employee Gravy Train

Monday, January 30, 2012
Federal workers earn 16 percent more in total compensation — including wages and benefits — than comparable private-sector employees, according to the Congressional Budget Office. The key difference is in benefits, where federal workers average more than $20 per hour in compensation — 48 percent higher than the $13.60 in prorated hourly benefits in the private sector.
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Ind. Lawmakers: "Pee Test For Thee But Not For Me"

Friday, January 27, 2012
Source: Huffington Post
A member of the Indiana General Assembly withdrew his bill to create a pilot program for drug testing welfare applicants Friday after one of his colleagues amended the measure to require drug testing for lawmakers.
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America, arms-dealer to the world

Tuesday, January 24, 2012
Source: Salon.com
Retired lieutenant colonel's take on the military-industrial complex:  As a country, we seem to have a teenager’s fascination with military hardware, an addiction that’s driving us to bust our own national budgetary allowance. At the same time, we sell weapons the way teenage punks sell fireworks to younger kids: for profit and with little regard for how they might be used.
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Still Convinced Tax Increases Work?

Thursday, January 19, 2012
Source: CBSChicago.com
After largest tax increase in Illinois' history, the state still can't pay its bills. Only solution is to cut government spending says state comptroller.
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GOP Voters Split On Interventionism

Wednesday, January 18, 2012
Nearly half of all Republican primary voters say it’s time the U.S. stops intervening in world affairs and focuses on domestic priorities instead, signaling a persistent rift that is playing out in the party’s presidential nomination battle.
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CNN Poll: Obama tied with Romney & Paul in November showdowns

Monday, January 16, 2012
Source: CNN
New CNN/ORC International Poll released Monday also indicates that Mitt Romney and Rep. Ron Paul of Texas are running even with President Obama in possible showdown this November.
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Solid Majority Want ObamaCare Repealed

Monday, January 9, 2012
Most voters still want to see the national health care law repealed and believe repeal of the controversial measure is likely.
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Obama Darling of the Military-Industrial Complex

Friday, January 13, 2012
Source: Raw Story
President Obama is leading the pack in donations from the defense industry: according to the Center for Responsive Politics, he’d taken in almost $112,000 from defense industry donors through December 2011, twice as much as Mitt Romney, the leading Republican recipient of defense-industry campaign contributions.
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How Much Abuse Will We Accept From Government?

Wednesday, January 11, 2012
Source: Huffington Post
Jail inmate dies after deputies directly sprayed him and fogged his cell with pepper spray at least 8 times. Deputies then put him into a restraining chair, a controversial device that binds inmates at both wrists, both ankles, and across the chest, and then sprayed him at least two more times after he had been strapped to the chair. He was also stripped naked, and outfitted with a "spit mask," a hood designed to prevent inmates from spitting on jail personnel, which kept the pepper spray in close proximity to his nose and mouth, ensuring he would continue to inhale it for the full six hours he was in the restraint chair.
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Another Iranian Nuclear Scientist Assassinated

Wednesday, January 11, 2012
Source: ABC News
A young Iranian nuclear scientist was killed by a magnetic bomb placed on his car by a motorcyclist in Tehran Wednesday. Mostafa Ahmadi Roshan, 32, is the fourth scientist linked to Iran's nuclear program killed in the past two years, which Iran blames on the U.S. and Israel.  Both countries officially deny the accusations.
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