Posts Tagged ‘bailouts’
Small banks wondering what they did wrong
Citibank is a big bank, one of those companies that are just too big to fail. When the government steps in to help a single bank – like Citibank – with an infusion of $20 billion in cash and more than $300 billion in loan guarantees, you’ve got to wonder how Citi’s competitors feel about…
Read MoreState legislatures really know how to lead
Early this week, I wrote about how corporate leaders were changing their business plans to take advantage of government handouts. Everyone is getting in line, and you really can’t blame them for doing so. If they don’t come and ask for the cash, someone else will. Word from Malkin that a local department store is…
Read MoreBailouts for individuals now on the way
I understand working for a Fortune 100 company and feeling like you have no power. Many people have been – and will be – asked to leave their job with a pink slip. It’s not fun, I’ve been there. But since insurance companies, auto manufactures, cities, states and other groups are asking for federal bailout…
Read MoreEveryone lines up for a bailout
The day the $750 billion dollar federal bailout figure was mentioned, every single Fortune 100 company, state and city chief financial officer started planning. Not only would this level of federal involvement in these institutions be unprecedented, it would actually dramatically change the way everyone did business. Let’s say you owned a small ice cream…
Read MoreFree products and services equal unlimited demand
I’ve been meaning to write a post concerning “free” goods and services. What happens when the government – or any other group – comes in and offers something for a very low cost or free? I’ve found three events that will show us what happens when you offer stuff for free or at super-low cost,…
Read MoreIf you think $700 billion is nuts, wait for the Social Security rescue plan
I’ve been thinking about the bailout again. I’ve been busy, it makes me mad, so I write a little about it and leave it at that. Now I’m thinking about the next government emergency bailout – Social Security. It will come up on us quickly. It will be a crisis. We may only have days…
Read MoreConnecticut governor asks banks to help small businesses
Is this not how all of this economic strife started? Connecticut’s Republican governor, M. Jodi Rell, wants local community banks to contribute $1 million each into a lending pool that will provide loans to small business.
Read MoreCar buyers upside down after driving off the lot
I understand that most car buyers are not purchasing vehicles for an investment, but you have to admit that just because you’re upside down in a borrowing situation does not mean that you are unable – or unwilling – to make the payments. When you took the zero down payment plan and drive your new…
Read MoreWalter Williams writes – Lessons from the bailout
Williams has another good column out this week, and it quickly sums up – for those of you who missed it – how this economic crisis started back in 1977 with the Community Reinvestment Act. Walter’s point gets right to the root of the problem. Even though McCain and Obama want to lay the blame…
Read MoreACORN will help judges mitigate mortgages
That is what Malkin is implying today. No time to research right now, but this goes hand-in-hand with what I wrote about earlier this week. Democrats and ACORN want judges to get involved with mortgage mitigation, where they have the power to lower interest rates and/or cut principle balances. Biden demanded it in the debate,…
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