Bush era coming to a close – but maybe not soon enough?

by BearCreekChronicles
As the world’s economies reportedly teeter on the edge of collapse after the resounding “NO”  by House Republicans to the hurriedly revised plan presented to the House for a vote, it seems an appropriate end to the GW Bush administration.  The American people have continued to function under the circumstances of 9/11, years of [...]

A Bailout No One Wants Except Wall St. Corporations

by BearCreekChronicles
“I suspect that part of what we’re seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,” said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
It becomes clear that [...]

Wall Street Drunk? All of Washington is Drunk!

by BearCreekChronicles
The more I think about last week’s announcement by Sec. Paulson that the taxpayers “must” bail out Wall Street, the more I think President Bush was right some months ago when he said that “Wall Street got drunk.”

I think perhaps at this point the Secretary and the President may still be drunk.  As I [...]