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Posts Tagged ‘bailout’

Turning up the heat!

April 11th, 2009

CodePink is a women’s organization, generally opposing war.  War in Iraq, war in Afghanistan, potential war in Iran…

It seems as though they’ve expanded their message to include bailouts, as evidenced by the protest during a Larry Summers interview at the Economic Club in Washington.

While the group paints their views on war with a fairly broad brush, it’s hard to argue with their latest stand on Summers’ involvement with the economic policy coming out of Washington, and the fact that he received about $5.2 million over the past year in compensation from hedge fund D.E. Shaw, as well as hundreds of thousands of dollars in speaking fees from major financial institutions like J.P. Morgan, Citigroup, Goldman Sachs and Lehman Brothers.

I find it interesting that it took so long for the two women to be removed from the stage.  Larry himself didn’t even seem to object…

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There is some sensibility out there…

March 20th, 2009

You just need to know where to look.

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John B. Taylor is a professor of economics at Stanford University, and debunks the notion that deregulation spurred on today’s financial crisis.

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So What Does the Market Really Think?

February 19th, 2009

An interesting and enlightening clip from today with Rick Santelli at the Chicago Board of Trade talking about Barack Obama’s mortgage bailout plan.

Evidently there isn’t a whole lot of support from traders, and I suspect there isn’t a whole lot of support from markets in general.

“You can’t buy your way into prosperity.”  Can’t agree more.

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