TARP

Or how to Make Form Follow Good Intentions in the Foreclosure Crisis

I have a bold new idea. Lets not give taxpayers money to the people who stole money from the banks in the first place. I know, we need people with a little sophistication to rewrite these bad loans. Let's just not use anyone who sold a bad loan to any of these people to fix the problem. That will not be easy. The government is already selling former Countrywide executives, under a deal called PennyMac, mortgages at 38 cents on the dollar. They then recycle them and take both consumers money and taxpayers money in the bargain.

 Or How You Can Massively Destroy Wealth and Profit Twice

Now anyone who knows me for long realizes that I am a bit of a strange creature. I believe that games ought to be played by rules that are fair to all participants. I believe the world works better when markets reward good behavior and punish those who cheat and lie to win. In short, during a long time in the entrepreneurial world of blood guts and glory I have always liked it when the good guys win.

 Or How Federal Reserve Bankers End Their Glory Days --

This is the scene after the calamity. The Roaches are still around, aren't they cute in their little coats with tails? Some tiny mammals will probably live on, Oh! There's a shrew and her whole brood of investment bankers. A few big fish and; oh yes there are a couple of former chairmen of the Fed in that listing old yacht and a few of their crony's.

Or How Federal Reserve Bankers End Their Glory Days

After working so many long years at the Federal Reserve. Preserving nothing, conserving nothing, and really, reserving nothing for later what does a former Fed Chief deserve? If you are talking about Alan Greenspan the whole world of journalism knows. They are sprinkling a little gasoline on the fire that is consuming Alan's undeserved reputation for fiscal probity and wisdom.

Or How to Lose Trust While Eating The Taxpayers Lunch

It is always amazing how tone deaf executives can be while they are pursuing their perks. Writing million dollar checks for entertainment seems to have become just like buying lunch at the local watering hole. What part about restraint while people lining up for food stamps and unemployment checks were they not taught in Kindergarten? Didn't they read the memo? One hand in the public till and the other passing out largess to your top producers and clients is over for the nonce.