Backlash!

By Jim Vicevich | March 3, 2009 |

John Hinderaker has spotted a trend and we think it’s a long time coming. Financial firms and businesses, even one’s in trouble, but especially those that are not, are quickly discovering that government funds come with strings, and the rules can change (and often do) in the middle of the game.  Bank of America CEO…

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Banker explains why he turned down TARP funds: “Strings”

By Jim Vicevich | February 12, 2009 |

The banker is Steve Buster, CEO of California community bank “Mechanics”. Alexis Glick conducts the interview and it’s a great one. Part one, Buster tells Glick they wanted the money, could have used the money but it came with too many strings. httpv://www.youtube.com/watch?v=-3cub9XHaog Here in Part Two Glick asks … “what strings?”. Buster says they…

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Reason 72 & 73: Government should not bail out corporations

By Steve McGough | February 4, 2009 |

President Obama is considering limiting executive pay to companies who are part of the TARP program, and GM and Chrysler are still in the courtroom fighting California’s proposed legislation to raise fuel efficiency standards. Again we highlight why government should not get involved with the free market. First we have Obama’s marketing campaign to limit…

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Has Congress Jumped The Gun

By Jim Vicevich | January 16, 2009 |

The Senate, led by Chris Dodd, released the rest of the $350 billion in TARP funds … but was it really necessary? You decide. httpv://www.youtube.com/watch?v=dQw1yUF_vns

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