Secretary Geithner Introduces Financial Stability Plan

Geithner introduced the new FSP today.  He says it stands for “Financial Stability Plan”.  I think it’s more like “Fucking Stupid Politicians”, because that’s much more accurate. All of the quotes below are straight from the U.S. Treasury press release, available from their website here. After the obligatory suck up to the boss, and look […]

Going downhill fast

I didn’t vote for Obama (I voted Libertarian this year) but I was hoping Obama would be an inspirational President who wouldn’t actually do much – because I don’t think the government should do much.  I was really hoping that there would be Republican control of the House and Senate so hardly anything would get […]

Benanke is looking for a big rug

“Helicopter Ben” Benanke gave a speech yesterday (Jan 13th, 2009) at the London School of Economics. You can read the whole text of it here if you’d like. I’d like to comment on part of the speech near the end, where Bernanke says this:  Public purchases of troubled assets are one possibility.  Another is to […]