A Banker on the Bailout Plan
BB&T CEO (and acquaintance) John Allison is mailing his 14-point rejection of the bailout plan to all members of congress: Key Points on “Rescue” Plan From A Healthy Bank’s Perspective Freddie Mac and Fannie Mae are the primary cause of the mortgage crisis. These government supported enterprises distorted normal market risk mechanisms. While individual private […]
HBL How to approach the financial crisis
Dr. Harry Binswanger’s refreshing take on the crisis: Amidst all the calls for regulation and jettisoning the free market, only a few are philosophically equipped to realize that this is a failure of the regulated market. This system—the whole blessed thing—was crafted in the New Deal era (with continual noose- tightening thereafter) precisely to avoid […]
David Weidman: Flower Forms
Awesome posters by Steve Thomas.
Never trust a man whose ass is wider than his shoulders. Some dude on This American Life