Tag Archive for bailouts

Bank Transfer Day Hits the Big Banks Where It Hurts

BofA ATM - 99

Is the Occupy movement a success or failure?  One measure was the Bank Transfer Day where Americans of all income levels moved their money out of accounts from Big Banks you benefited from the bailouts without giving back.  An estimated 40,000 Americans left the Big Banks behind earlier this month.  And the impact is already…

LA Times: The Bailouts Worked

Daily, I get chain emails from Republican friends ranging from the socialism and Marxism of the President and the Democratic Party.  Usually, these notes are accompanied with photos and suggestions to “forward this to all your friends.” I will be forwarding this LA Times story later today which suggested very simply that the federal bailout…

Would the Tea Party Throw Reagan Under the Bus?

This weekend marks the 100th birthday of the most beloved Republican president ever – Ronald Reagan.  Now, there is a lot for any American to like about President Reagan.  He had unbridled optimism, a great sense of humor and actual respect for members of the opposing party.  But as a Democrat who survived the Reagan…

What ever happened to free-market Capitalism?

AIG Bailout Means Drastic About-Face for Feds Government Providing AIG With $85 Billion Loans; Feds’ Move Stands in Stark Contrast to Decision on Lehman Brothers By SCOTT MAYEROWITZ and CHARLES HERMAN ABC NEWS Business Unit Sept. 17, 2008- Hoping to avoid a worldwide financial meltdown, the U.S. government last night took the unprecedented step of…