Day

March 26, 2009

"Alimony," Not Bailout

Can We Afford Wall Street?I’ve got a way to make palatable the $3 trillion (or is it $4 trillion? Or $6 trillion?) injected into Wall Street (so far). Don’t think of it as a bailout, think of it as alimony. Yes, alimony. As in, what you pay to divorce someone — or in Wall Street’s...
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Appraiser ‘Batting Averages?’

Adding Back Checks & Balances If you haven’t been paying attention, there seems to be widespread consensus that much of the “recent unpleasantness” (what some people in the South called the Civil War) has to do with too few checks and balances in the financial system. So, one of the reasons that securitized mortgages became...
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