bailout, banks, bernanke, ralph nader
In Culture on January 22, 2009 at 3:56 pm
“At a minimum, the mergers are creating a class of ‘too big to fail’ institutions – banks that must be bailed out, various presidents will inevitably tell us, to prevent a ‘domino’ economic effect.”
– Ralph Nader, The New York Times, November 12, 1995
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“The real concern that we have is that we have got and developed, in this country, a very serious ‘too big to fail’ problem, and that problem, we’ve just recognized now in the current situation, how severe it is.”
- Federal Reserve Chairman Ben Bernanke, NYT, October 16, 2008
Full article here by University of Florida’s Travis Pillow
Muskegon MI irish ranger Taurus PT 24/7 PRO, nanowrimo08
In Books I'm Reading on January 13, 2009 at 9:56 am
http://www.nanowrimo.org/
No super hero training school exists. Mom and Dad decided in fifth grade that I wouldn’t go back to public school. We lived in a small town of 5,000, but the world was getting closer. The internet came to town the year before, 1993. Mom and Dad hooked during my fifth grade. They knew that a lower profile was the only way to save me from the fascination of evil and touch hungry fans. We moved to Michigan. To the woods. To a place where Calvinism and Dutch puritanical instincts ran deep. Kent County. Neighbors take care of each other there. We found some good ones.
On a summer night that melted wallpaper, our neighbor, Gerrit Guikema, blasted his 12 guage into the night air. Shattering glass followed. Moaning and screaming came next. My dad picked up his pistol holster, carrying a Taurus PT 24/7 PRO, with twelve .45’s in the clip. Gerrit had intimidated a couple of goobers who had staked out our house. He said it was the third night. He didn’t trust them. He called the police, then fired his shotgun. At 75, Gerrit didn’t look criminal so the police let him go. The goobers? They had guns. Ex-felons. They were locked up for a couple more years. But who sent them? And what did they want? Simple! It’s always about money. Read the rest of this entry »