masaccio

The Bankruptcy Trustee up in the country, Possum Potterfield, asked me to post this for him. He says it's pretty much all true.

Former Bush adviser Mankiw writes for the New York Times business section. I wonder if he heard what happened to Ben Stein?

The NYT has several stories today explaining just how great things are for failed Wall Streeters. You may have lost your job, your health insurance, your retirement, but they're just fine thank you.

Senator Chuck Grassley is frightened of death panels in the House bill, but grandson voted for end-of-life education in Iowa. At lease some of these conservatives don't breed true.

Have the Government pay premiums for everyone who can't pay.

Our financial elites follow the same playbook year after year. Change a bit of language, and a couple of names, and deja vu.

Local banks have built up a whole lot of good will. Good policy isn't enough. We need that kind of good will.

Centrists and Blue Dogs love them some banks. Taxpayers? Not so much. Homeowners? Nope.

No surprise, Yale Professor and Ellen Tauscher, D Big Money, agree that we just can't let normal people welsh on houses, but couldn't care less if normal people are forced to pay off losses caused by rich bankers and the Yale Endowment.

There has been a lot of loose talk about nationalizing banks. How can that happen? And if it did, what will happen to stakeholders?