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Monthly Archives: September 2008
Oval Office Conversation
After they stepped outside, they made a historic announcement about their request to have the federal government buy distressed assets in an effort to avoid a financial market collapse. But here’s my guess as to the conversation they had in … Continue reading
Posted in 2TG Favorites, Business & Economics
Tagged Ben Bernanke, Chris Cox, Economics, Financial Crisis, Henry Paulson, The Platters
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Issac Newton and how economic bubbles develop
Lawrence Lindsey is one of the most prominent economists in the world. He also has much credibility on the topic of economic bubbles, given that as a Fed Governor in 1996, he made the prescient case that central banks have … Continue reading
Posted in Business & Economics
Tagged Financial Crisis, Isaac Newton, Lawrence Lindsey, South Sea Bubble
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Greight Time be a Florida Marlins Fan
On the eighteenth of September, the Florida Marlins scored eight runs and won their eighth straight game, which marked their eightieth win of the season. In the game, Mike Jacobs drove in his eighty-eighth run and the win was pitcher … Continue reading
Bad Accounting Rules Helped Sink AIG
If, as we are now hearing constantly, the problem is greedy people — like Obama insider Jim Johnson — then the solution is simple, find those people and deport them. But if it’s something else, it might help to consider … Continue reading
Tagged Accounting
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Why inflation means relief for taxpayers
WSJ Tax article —————————————————————— Why Inflation Means Relief For Taxpayers Adjustments to Exemptions, Brackets for 2009 Will Benefit High-Income Filers the Most SEPTEMBER 17, 2008 By TOM HERMAN No matter who wins the White House, most taxpayers can look forward … Continue reading
The Evolution of a Political Talking Point
Genesis of an attack and rebuttal: McCain ad attacks Obama as voting for a bill which teaches sex education to kindergartners. Obama denies it and asserts that the bill was intended to inform kindergartners about inappropriate touching. Talking points are … Continue reading
Wall Street’s Crisis, More Bubble Wrap Than Balloon
I keep hearing that the credit bubble has popped. But since there is a lot of popping going on, it’s time to shift the metaphor from a balloon to bubble wrap. Perception: The recent Wall Street crisis is attributable to … Continue reading
Tagged Economics
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Role of Fair Value Acg in the Subprime Meltdown
The problem is summarized by Peter Wallison of AEI: When the dotcoms were in vogue, the assets of securities firms and other equity intermediaries were inflated, just as, more recently, rising housing values made banks and other mortgage lenders look … Continue reading
Tagged Accounting, Economics
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Microsoft Stock Buyback – What Does It Mean?
A WSJ article notes that Microsoft is planning to buyback $40 billion dollars worth of its stock. Why do companies do that? The basics: Once reacquired, the stock becomes treasury stock unless retired by the company, which was not noted … Continue reading
September 13, 1961– Personal Freedom Day
Click on image to enlarge Thank you USA Gracias Ela y Adolfo Below, a camera captures my first glimpse ofRonald Wilson Reagan
Posted in Random Observations
Tagged Adolfo Costales, Ela Costales, Inspirational, Ronald Reagan
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