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This page over on ‘The Oil Drum‘ has the latest information about the latest attempt by BP to shut down the oil gushing into the gulf. These guys seem to know what they are talking about. It’s actually kind of refreshing compared to the Mainstream News I’ve seen.
I need someone to explain something to me, and I mean this sincerely. Why are things like credit default swaps or ‘insurance’ on loans even legal? I mean I keep hearing that the interest rate on various loans represent how ‘risky’ for the loan provider the loan actually is. The higher the risk of default [...]
I agree with Paul Volcker that the current policies being put forward by the Obama administration and the Senate Banking Committee will allow ‘to big to fail’ to continue, and I agree with Volcker that this is a bad thing. I disagree with Volcker about the decision to save AIG and GM. I think we [...]
I don’t read KOS much. I tend, or perhaps tended; past tense, to disagree with much of what is said there. I used to think of myself as an independent sort who was moderate on most things. Some would even call my beliefs “wishy washy”. I never believed the mantra “The government which governs least, [...]
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