Commentary: Bankruptcy, not bailout, is the right answer – CNN.com

The fact that government bears such a huge responsibility for the current mess means any response should eliminate the conditions that created this situation in the first place, not attempt to fix bad government with more government.
The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get [...]

Sinfest

We Gonna Take Your Money
Sinfest

House Rejects Bailout Package, 228-205; Stocks Plunge – NYTimes.com

In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry. The vote came in stunning defiance of President Bush and Congressional leaders of both parties, who said the bailout was needed to prevent a widespread [...]

Best of Mother Earth: 1996 McDonalds Hamburger

This is a hamburger from McDonalds that I purchased in 1996.
That was 12 years ago.
Note that it looks exactly like it did the very day I bought it.
Best of Mother Earth: 1996 McDonalds Hamburger.

Parkwheel

Parkwheel, originally uploaded by hno.

McCain’s YouTube Problem Just Became a Nightmare

quote

quote, originally uploaded by danilocorci.

Miro – free, open source internet tv and video player

Turn your computer into an internet TV.
Miro – free, open source internet tv and video player.

A Bailout for All Our Bad Decisions?

Last week’s events were rooted in distressed mortgage securities whose optimistic values were facilitated by quasi-governmental entities Fannie Mae and Freddie Mac. The investment banking capital write-downs were turbocharged by the Sarbanes-Oxley Act, which did what too many laws do — it fixed yesterday’s problem. The amazing expansion of credit was fueled by a Federal [...]

The Real Cause of the Current Financial Crisis

There is a lot of rhetoric flying around and much insistence that a solution must be enacted into law yesterday. However, before we go rushing off and enacting solutions to a problem perhaps we ought to take a step back and figure out just how we ended up in this mess. Only once [...]