May as well be prepared.
Too Big To Fail
Since neither the construction nor the operation of TARP or its sister programs was constitutional to begin with, it is an absurdity to argue that the addition to this program of a new recompensatory feature violates the constitution. This would be like arguing about what color a unicorn’s tail is supposed to be.
A former Reagan staffer explains why the tax on giant bailed-out banks is actually a fiscally conservative proposal.
The Treasury releases a fact sheet for the “Financial Crisis Responsibility Fee”
Every passing year gives rise to any number of mind-bogglingly annoying terms and phrases. 2009 was no exception. I submit the following terms as ready-for-obsolescence as the year draws to a close, let’s leave these behind as we head into 2010: Shovel-Ready Let me help you out with this: there is no such thing as…
Stuff I’m Reading this Morning… Ace Fidelity International fund manager sees a multi-year bull market, led by emerging stocks. (Bloomberg) Lenny Dykstra sold a bunch of his World Series stuff, the ’86 ring went for 56 grand. (Dealbreaker) Twelve Juicy Buyout Candidates. (Clusterstock) A tragedy for family-owned businesses in this recession. (WSJ) The Fly takes…