May as well be prepared.
Odious debts and the rights of the taxpayer.
Greece posts bailout collateral…
Europe needs a bit more German efficiency and responsibility. And maybe some Black Forest chocolate cake.
We’re playing that game again? Oh boy.
The Bailout Skyline of Midtown Manhattan. We’re literally surrounded by the headquarters of failed and bailed companies.
The NY Fed’s AIG deal was among the worst decisions of the era. Docs have now been turned over to the House ahead of next week’s hearings.
Click Image to Embiggen! Yep, the first Bailout in American history took place in the fall of 1620. Happy Thanksgiving to all my readers – Josh Brown
The quintessential book on Bailouts has already been written, it’s called Bailout Nation by Barry Ritholtz and many of my colleagues and clients will be receiving a copy come the holidays. That said, there was one massive bailout in American history that hasn’t gotten much attention, probably because it was more of a social crisis…
A quick look at how shares of the Bail-ettes have performed over the year since they became partially our property problem… Click Image to Embiggen! Check out the source article for the exact amounts, in case they haven’t already been emblazoned into your brain. Source: Heroes and Zeroes of the Fallout (CNNMoney)