Government created the financial market climate responsible for the risky loans that should never have been given. Yet government has now appointed itself the savior that will rescue us from bad decisions made by government. How this guy can be so far off base is amazing.
Self-reliance. Individual responsibility. A faith in free markets and a [...]
Archives for posts tagged ‘bear stearns’
How to do management bass ackwards
Friday, 12 September 2008
I want to be inspired, but I live in a communist country
Monday, 8 September 2008
Whether we’ll admit it or not, we are a communist nation. As such, no one is free to fail. No one is free to succeed either. In fact, no one is free at all. We are all pawns in the hands of the politicians - those proud men and women who tell us that they [...]
Hundreds of banks will fail, Roubini tells Barron’s
Wednesday, 6 August 2008
If hundreds of banks are going to fail, we need to be asking why. Who is responsible?
NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor [...]