Tag Archives: bailout
All Gaga for Obama
In celebration of Obama’s first 100 days, and also given the popularity of Lady Gaga, I decided to try a bit of songwriting for the President. The following should be sung along to Lady Gaga’s Poker Face (play the song … Continue reading
Filed under Arts and Entertainment, News, Politics
Bailouts By The Numbers
Got Money? / You Know It / Take it out your pocket and show it then throw it / This a way / That a way/ This a way / That a way… $700 billion: TARP (also known as “stocking … Continue reading
Where Have All The Good Times Gone?
Last summer, we were just coming to the realization that the economy might be in some trouble… Bear Stearns had fallen, oil prices were skyrocketing, and George W. Bush was still President. It wasn’t a good time. We started 2009 … Continue reading
With $700B, I’d Like to Buy Belgium, Greece, and Ireland, Please
UPDATED (2/5/09): First, the government decided that “bailout” wasn’t all that PR-savvy, so instead, $700 billion became part of the Troubled Assets Relief Program (TARP). TARP then went to Wall Street, where it funded employee bonuses and baseball stadiums. Instead … Continue reading
Auto Industry Bailout: For or Against?
The case AGAINST: Simple economics: If the Big Three automakers fail, it’s because someone else is doing it faster, better, and cheaper. And that won’t change with a measly $15 bn loan that can barely cover the companies’ monthly billion-dollar … Continue reading
Random Thoughts on… Moral Hazard
An argument for studying economics is that one will leave school with an extensive knowledge of concepts and theories that are applicable in the real world. An argument against studying economics, however, is that these theories are typically limited to … Continue reading
Random Thoughts on… Reason (and the Financial Crisis)
Reason: (noun): a basis or cause, as for some belief, action, fact, event, etc. Logic. (From Dictionary.com) Reason tells us that 1+1=2. It tells us that if you leave milk out for too long, it will spoil. It tells us … Continue reading
Like Wall Street, Making New Year’s Resolutions in October
Now that it’s October, I’d like to initiate a new tradition. Typically, we wait until January to start those dreaded New Year’s resolutions, which inevitably involve working out more and eating less. By mid-January (or February, if we are especially … Continue reading
