How did your representatives vote?
The No Votes - [NY Times]
Welcome to September madness. From Tech Crunch:
There may be hope after all. Or it may be more politics as usual. The House of Representatives “shocks the world” and rejects the $700 billion bailout plan. The stock market tanks, and everyone freaks out. I think one of the good things that could come from this whole mess is that people will start [...]
Posted on the Campaign for Liberty blog:
Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt [...]
I would think the indecision, waffling, and whoa-is-me-I-don’t-know-what-to-do attitude of the politicians in Washington are funny if the situation they’re dealing with weren’t so serious. Seeing no serious backlash to the bailouts and takeovers of the previous two weeks, the two candidates approved of the bailout. But people started to really see the numbers involved [...]
I was told (albeit by a long time Bush supporter) that this was Bush’s best speech since 9/11. While I do admit that he is somewhat articulate by his standards, and I tried to listen to what he had to say with an open mind, I found myself disagreeing with most of what he said.
It [...]
And now AIG gets nationalized. This is crazy. Wall Street is imploding in front of our eyes, and the average person doesn’t seem to get it. I have no qualms in saying that the presidency of George W Bush might be the worst in our nation’s history. I certainly don’t blame him or his administration [...]
Turned out to be an interesting day. I don’t think the majority of people out there realize the severity of what has been happening recently. Only one person mentioned the whole fiasco today, and I work at a freaking bank. I was watching Headline News at lunch, and they talked a little about the crisis, [...]
Lehman Bros. files for bankruptcy, Merrill Lynch sold to Bank of America, and AIG seeks emergency funding:
Yahoo! Finance - Stocks retreat amid new Wall Street landscape
