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Taxpayers on hook as some bailed-out firms prove frail
Seeded on Mon Nov 16, 2009 9:56 AM EST (The Washington Post)
After accepting a $2.3 billion emergency cash infusion fro the feds one year ago, CIT Group is in bankruptcy court. TARP funds recipient United Commercial Bank of San Francisco failed last week at a cost to taxpayers of $299 million.
Deficit tops $176 billion in October, sets record as U.S. borrowing climbs
Seeded on Fri Nov 13, 2009 4:41 PM EST (The Washington Post)
Treasury Secretary Timothy F. Geithner, on a visit to Tokyo on Wednesday, told reporters that "as growth recovers and strengthens, we're going to bring our fiscal positions back to a sustainable balance." And if growth dosn't do what Mr.
Why the Government Must Stay Away From Health Care
Seeded on Fri Nov 13, 2009 11:47 AM EST (The Washington Post)
This happened right in the backyard of the White House and Congress. When the government is handing away free money, the thieves crawl out of the woodwork to help themselves and deprive patients of access to the care they so sorely need.
Somebody to Love? A Heart-Wrenching Glimpse of Unwanted Puppies and Those Who Love Them
Seeded on Thu Nov 12, 2009 9:29 AM EST (The Washington Post)
I can't look at these photos without tears coming to my eyes. Anyone wishing to support the work of this organization can do so through their website. As of today I am a financial supporter myself.
Foxes and Henhouses: Why Regulation Won't Work
Seeded on Thu Nov 5, 2009 8:06 PM EST (Rolling Stone)
A superb insight into the demise of Bear Stearns and Lehman Brothers, and the apparent complicity of the SEC, the Department of the Treasury, and the Federal Reserve.
Source Code to the United States of America
Seeded on Wed Nov 4, 2009 1:46 PM EST (United States House of Representatives)
I'm a professional software developer, and imagine my surprise when recently I stumbled onto the source code for the United States of America of all things. Now I'm familiar with a number of programming languages, but this one's just way out in left field.
Audit the Fed bill "gutted" by Rep. Mel Watt
Seeded on Mon Nov 2, 2009 12:36 PM EST (dailypaul.com)
Ron Paul introduced H.R. 1207, which would have required a full audit of the Federal Reserve and its activities, which crosses international lines. According to Rep. Ron Paul, R-Texas, the House Financial Service Committee's panel on domestic monetary policy, Rep.
RealClearPolitics - Up Against a Wall of Debt
Seeded on Mon Nov 2, 2009 10:26 AM EST (RealClearPolitics)
Wealthy societies everywhere face a similar dilemma. Debt is ballooning from already high levels. The Congressional Budget Office reckons the Obama administration's planned budgets would increase the debt-to-GDP ratio from 41 percent in 2008 to 82 percent in 2019.
In Memoriam, Dr. Alexander Schure
Seeded on Fri Oct 30, 2009 10:42 PM EDT ()
In the 1970s, Dr. Schure gave me a full scholarship to study computer technology at the New York Institute of Technology. In the 1980s he invited me back to be the Chief Systems Programmer at the NYIT Computer Graphics Lab.
Overconfidence in Washington: They Think They're So Smart...
Seeded on Tue Oct 27, 2009 9:33 AM EDT (The New York Times)
Humans are overconfident creatures. Ninety-four percent of college professors believe they are above average teachers, and 90 percent of drivers believe they are above average behind the wheel. Researchers Paul J.H. Schoemaker and J.
How Do You Say "Hillary's Gaffe" In Russian?
Seeded on Sun Oct 25, 2009 8:02 AM EDT (Pajamas Media)
All things considered, the gaffe was the result either A or B: A) The Obama administration is made of pig-headed, tone-deaf people, who don't expect other cultures to have nuances — and so they don't bother to consult with experts.
Why the Federal Government Should Refrain From Bailouts
Seeded on Fri Oct 23, 2009 5:22 PM EDT (moralmidnight.wordpress.com)
I just came across this today. Yes, it is over one year old; nevertheless it remains pertinent as the economy may very well resume its collapse, and with that would come more "too big to fail" situations.
Top employees leave financial firms ahead of pay cuts
Seeded on Fri Oct 23, 2009 10:53 AM EDT (The Washington Post)
Even before the Obama administration formally tightened executive compensation at bailed-out companies, the prospect of pay cuts had led some top employees to depart.
One Night at the Federal Reserve, November 2008
Sun Oct 18, 2009 9:23 PM EDT
We join President Elect Barack Obama and Chairman Ben Bernanke in Bernanke's office. Over drinks the two men discuss economic strategy for the new president's administration. Weighing heavily on the mind of the president-elect is the condition of the economy.
Continue reading this entry ...
Fraud and Waste Rampant in D.C. Health Care Program for AIDS Patients
Seeded on Sun Oct 18, 2009 3:51 PM EDT (The Washington Post)
More than $1 million in AIDS money went to a housing group whose ailing boarders sometimes struggled without electricity, gas or food. A supervisor said she was ordered to create records for ghost employees.
Credit Bubble: No Exit for Central Banks
Seeded on Fri Oct 16, 2009 1:21 PM EDT (PrudentBear.com)
N.B: The discussion of the problems facing central bankers appears in the last section of the article under the heading No Exit:.The author observes that the old demons Fannie Mae and Freddie Mac are alive and well.
New Republican Networking Website Crashes
Seeded on Thu Oct 15, 2009 12:42 PM EDT (The Onion)
"No site structure can possibly withstand that many people typing in all caps."
O'Reilly: President's Nobel Prize Is Good for the USA
Seeded on Sat Oct 10, 2009 11:20 AM EDT (TheFoxNation.com)
"Having a U.S. president honored with a Peace Prize is good for the country."
Cash for Clunkers: A Lesson in Stimulus
Seeded on Sat Oct 3, 2009 3:31 PM EDT (The Washington Post)
Alan Blinder, a Princeton professor who was among the first to push an auto sales incentive program in the United States, doubted it provided much stimulus, in large part because it was in effect for only a month.
Watchdogs: Health industry giving more to Congress than thought
Seeded on Fri Oct 2, 2009 9:16 AM EDT (Raw Story)
A joint study by two political watchdog groups has found that Sen. Max Baucus -- the Montana Democrat who authored the principal health care reform bill being debated in the Senate -- was a major recipient of "contribution clusters" from lobbyists linked to health care groups.
"Problem Bank" List Maintained by FDIC Is Growing
Seeded on Sun Sep 20, 2009 9:32 PM EDT (FT.com)
The agency said its [deposit insurance] fund had fallen to just $10.4bn from $13bn in the quarter, the lowest level since March 1993 when the US was in the middle of the savings and loans crisis.
Buh Bye to Television Sets with Picture Tubes
Seeded on Sat Sep 19, 2009 6:51 AM EDT (The Washington Post)
You're lucky if you can get any cash for these clunkers. I donated my three to charity last winter. The departure of the physical vacuum notwithstanding, the vacuum created by the absence of wholesome and engaging programming remains palpable.
So Much For Going Green: Single-Family Windmill Rejected by Cape Cod Officials
Seeded on Sun Sep 13, 2009 4:59 PM EDT (The New York Times)
Wendie Howland grows her own food and heats her water with rooftop solar panels. She drives a Prius with a bumper sticker that boasts "One Less S.U.V."
The Near-Term Future for NASA: We're Not Going to the Moon
Wed Sep 2, 2009 9:10 PM EDT
In 1961, the Cold War raged, and for a confrontation that didn't involve combat or military assault it was pretty damned scary.
Continue reading this entry ...
Bernanke and Other Central Bankers As Saviors of Global Economies?
Seeded on Tue Sep 1, 2009 1:04 PM EDT (United States Federal Reserve)
One very clear lesson of the past year--no surprise, of course, to any student of economic history, but worth noting nonetheless--is that a full-blown financial crisis can exact an enormous toll in both human and economic terms.Correction: The first wave of a full-blown financial …
Recent Votes
Winfrey to announce Friday show will end in 2011
"The Oprah Winfrey Show," an iconic broadcast that grew over two decades into a daytime television powerhouse and the foundation of a multibillion-dollar media empire, will end its run in 2011 after 25 seasons on the air, Winfrey's production company said Thursday night.
Army fears anti-Obama politics at Palin event
The U.S. Army plans to prevent media from covering Sarah Palin's appearance at Fort Bragg, fearing the event will turn into political grandstanding against President Barack Obama, officials said Thursday.
How To Debate A ConservativeThe political climate in America has become more contentious than ever.
- Father spoke only Klingon to child for baby's first three years
Is this taking the whole Star Trek thing a teensie weensie bit too far? d'Armond Speers spoke only Klingon to his child for the first three years of its life.
- Daily Kos: "Trawling for assassins": Evangelical nuts want Obama dead UPDATED: CAFEPRESS DROPS MERCHANDISE
Tonight, Rachel Maddow aired a bonechilling interview with former fundamentalist leader Frank Schaeffer in which Schaeffer accuses evangelical zealots and far-right wing nuts of fomenting violence against our president.
Comments & Feedback
I want you to get better, Rickace. We need more like you, not less.
rickace- I think it best if we become friends and ignore each others comments except on the lighter side. Neither of us will convince the other to change and we just piss each other off. Friend request sent.
Rick I enjoy reading your intelligent comments here on the Vine. If only common sense was contagious! :)
Rickace: The comment you put me on ignore for was sarcasm, and just to be sure nobody would misinterpret it I identified it as such. Most of my family is conservative, generous and I love them dearly. I was attempting to point out that Unicorn was wrong to assume just because McVeigh made a compassionate comment he must be liberal. I hope you understand I was not discrediting the humanity of conservatives.
Wow. The comment section doesn't use the crappy TinyMCE editor.
This morning, I decided to post a comment here, but only after reading the conservative sites I read every day, and only after zeroing the Newsvine tracker. Lo and behold, when I finished, I read your 'popcorn' comment re spiffie. Talk about cosmic serendipity.
Anyway, buddy, I consider you the most readable conservative on the Vine. You are the best. Your comments are concise, pungent, astute, articulate, informed, etc.
Plus, you slice and dice with deadly skill. Where'd you get your 3500MW laser?
OK, words done. Now, actions. My computer is old and slow, but I've tracked all your comments for the past week+, said tracking adding somewhere around an hour to my total Vine time today.
It was worth it. The Keynesian 'multiplier' applied to the economy based on the stimulus package will turn out to be less than 1, but the multiplier applied to your comments is about a 3.
There. Effusive praise done. I don't think you need it. You seem to be aware of your own awesomeness, perhaps your best character trait.
Thank you for inviting me to be on your friend's list - I do not have your email address, and am not sure how to add you to my list?? I am happy to accept your invitation.
comment restored.
Rick, can you make Billy Jack stand on his head?
Stop Tracking
About rickace
Articles Posted: 27
Links Seeded: 87
Links Seeded: 87
Member Since: 4/2007Last Seen: 11/20/2009
We take strength in each other. We take inspiration from the past. We publicly declare our independence from the culture of dependency.
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