Skip to content

Daily Archives: March 8th, 2009

Yet more on credit default swaps

Sunday, March 8, 2009

It is becoming crystal clear that, as Gretchen Morgenstern reports in today’s Times, the AIG bailout is in fact a backdoor bailout of the folks who purchased credit default swaps from AIG. The government has refused to disclose the names of these counterparties, but word is leaking out, and suffice it to say, the list […]

Filed in Economics | | Comments (0)

Earmarks

Sunday, March 8, 2009

The earmark debate is a distraction of major proportions. It is also an example of hypocrisy of major proportions, as Taxpayer for Common Sense documents. You can download there data at this location. The data demonstrate quite conclusively that earmarks are largely, though not solely, the domain of those states and of that party that […]

Filed in Hypocrisy, Politics | | Comments (0)