bailout: What's Cheaper than the Bailout? - 11/17/08 02:57 PM
It's interesting if not astonishing to compare the $700 billion bailout to the cost of other major government projects and wars. According to CNBC, when adjusted for inflation, the Vietnam War, Korean War, Gulf Wars 1 & 2, and the war on terror have all cost less money than the bailout. And the ten years of technological advancements to send a man to the moon was 1/3 the cost of the bailout.  The following is a list of big projects with original costs and inflation adjusted costs:Hoover DamOriginal Cost: $49 million | Inflation Adjusted Cost: $782 millionPanama CanalOriginal Cost: $375 million … (9 comments)

bailout: Health Care is a Right - 10/12/08 05:45 AM
It's been nearly a week since the second presidential debate. In hindsight, the statement that stands out the most to me is Obama saying that health care is a "right". The founding principles of our country include certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
We have national defense to protect all Americans from death by attack. We have government imposed speed limits to protect all Americans from death by high-speed crash. We have government sponsored police and fire departments to protect all Americans from death by murder or fire. Why should we not have … (65 comments)

bailout: What if Ronald McDonald Were Treasury Secretary? - 09/29/08 04:16 AM
Yesterday, I posted an article about Treasury Secretary Henry Paulson and his CEO friends losing hundreds of millions of dollars from their personal portfolios. In fact, during the last 20 months Paulson has lost nearly $300 Million from stock at Goldman Sachs, his former employer. It seems that Paulson has two significant ulterior motives for selling Congress and taxpayers on the $700 billion bailout - his friends and Goldman Sachs.
Following many spectacular collapses of financial firms (Bear Stearns, Merrill Lynch, Lehman Bros, etc.), Goldman Sachs somehow managed to stay afloat - perhaps they knew long ago about this a bailout … (7 comments)

bailout: $700 Billion for Paulson's Buddies - 09/28/08 06:12 AM
Today's telecast of The McLaughlin Group showed 10 of the biggest losers from the current mess on Wall Street.  9 of the 10 could be described as friends of Secretary Henry Paulson and the other one is Paulson himself.  Here's the list biggest CEO losers based on their personal portfolio of company stock...
Maurice Greenberg - Former CEO AIG    Jan '07 - $1.25 Billion | Sep '08 - $50 Million (96.0% Loss)    Henry Paulson, Former CEO Goldman Sachs    1/07 - $809 Million | 9/08 - $523 Million (35.4% Loss)    Daniel Mudd, Former CEO Fannie Mae    1/07 - $26 Million | 9/08 - $476k (98.2% Loss)    Richard Syron, Former … (2 comments)

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