Tag Archive: Bank

The Bailouts and the Risk

It’s Bank Bash time again here at RTFLC. Presented for your consideration: the Atlantic’s expose on how tenuous the banks hold on sanity really is:

The financial crisis had many causes—too much borrowing, foolish investments, misguided regulation—but at its core, the panic resulted from a lack of transparency. The reason no one wanted to lend to or trade with the banks during the fall of 2008, when Lehman Brothers collapsed, was that no one could

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Modern Day Javerts

You know why I get irritated when people call Obama a Secret Communist Anti-Colonialist Crypto-Marxist Douchbag? Because if he actually were one, it would almost be preferable. At the very least, we wouldn’t have shit like this:

Richard Eggers doesn’t look like a mastermind of financial crime.

The former farm boy speaks deliberately, can’t remember the last time he got a speeding ticket, and favors suspenders, horn-rimmed glasses and plaid shirts. But the 68-year-old

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The Real Scandal in Washington

As I said in the comments on Alex’s post, I’m not too opposed to the double standard that gets applied to sex scandals. Republicans get hit harder because of the hypocrisy of dictating moral values to the nation when it comes to homosexuality and abortion while they schtupp lobbyists on the side.

But I do object to the failure to call out Democrats when they engage in hypocrisy that makes David Vitter look like Pope … Read more