Blog on the Run: Reloaded

Monday, December 13, 2010 8:10 pm

Free markets. Wish we had some.

The next time anyone tries to dismiss any sort of government intervention as “socialism” and suggests that all we need are free markets, have them read this and the articles linked therein. What we have isn’t a free market besieged by interfering, interventionist big government. What we have is a rigged game that the government is kinda, sorta trying to unrig only not really because they’re all BOUGHT OFF. Not that I am bitter.


Thursday, September 24, 2009 6:17 am

Shorter Paul Volcker

Ur not doin it rite, n00bs!

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Thursday, May 7, 2009 8:27 pm

Let them eat cake 30 cents on the dollar

Quote of the day, from The Editors, on a whiny hedge-fund manager:

If you want people to take you seriously, investment firm executives, stop writing open letters that make it sound like Marie Antoinette lobotomized you with an ice cream scoop.

Monday, March 23, 2009 10:23 pm

Quote of the day, Treasury Secretary Tim Geithner edition

Tbogg, on Geithner’s newly released (but not new; see earlier Geithner plan, Paulson plan) plan to stick taxpayers with the cost of banks’ bad assets while letting private interests get the vast majority of any profits:

“Geithner isn’t Michael Brown. He’s Hurricane Katrina.”

Bankrupt firms belong in bankruptcy court, not sucking endlessly on the public teat. It’s Geithner’s responsibility to get them there, and not only is he not doing it, he’s doing his dead-level best to keep them on life support. (Other things he’s doing wrong here.)

Now, that said, I should point out that Geithner isn’t operating in a vacuum: He’s doing what Barack Obama wants him to do. So either Obama doesn’t understand the ramifications of the plan, or he understands perfectly well and just doesn’t care.

I vote the latter. Obama could well end up a one-term president because of it. And that’s what he would deserve.

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