January 2009
19 posts
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“Saying no to government aid is now a marketing tool for some. And a point of...”
– from “They Turned Down The TARP” via Forbes.
I have about decided to move to one of these banks out of principle and for principal.
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Watch
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“This is a disturbing parallel to precisely some of those things that made the...”
– “Politicians Asked Feds to Prop Up Ailing Bank” via the WSJ
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“U.S. & UK on brink of debt disaster”
– via the Guardian
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“+ $138,000,000,000”
– Bank of America— What a brand. Read more bailout, bad-money-after-bad banality at Bloomberg.
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“The similarities are so striking, it almost seems like regulators are using...”
– “Bank of America Threatens Fed, Demands More Cash From Taxpayers” via Mish
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There are limitations to the powers of governments and of peoples that inhere in the constitution of things, and that neither despotisms nor democracies can overcome. Legislatures are as powerless to abrogate moral and economic laws as they are to abrogate physical laws. They cannot convert wrong into right or divorce effect from cause, either by parliamentary majorities, or by unity of...
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