-
Not Just the Media: First Amendment Under Attack
May 22, 2013 | 1 comment
-
Curl is Right: Don’t Dismiss Benghazi
May 22, 2013 | 2 comments
-
Artur Davis Says Scandals Are Real
May 19, 2013 | 3 comments
-
Good New Book: ‘Precipice’
May 19, 2013 | 1 comment
-
A Long Record of Obamite Thuggery
May 16, 2013 | 4 comments
The Spectacle Blog
I have the report at CFIF.
Short version: An extension of a ridiculous bailout for big banks and rich people who don’t need it. Taxpayers should not be on the hook for deposits so big. It just further supports the bad idea of “too big to fail.”
This was originally part of TARP. Ugh. It stinks. Please do read my report at CFIF.
View all comments (3) | Leave a comment
More Blog Posts by Quin Hillyer
http://spectator.org/blog/2012/12/06/were-tagged-for-more-bad-polic
Follow us:
ADVERTISEMENT
Current Issue
- The Demise of Money and Credit
- Wincing at Cumberbatch
- Consternated Conferences
SPONSORED LINKS
FLASHBACK TO: 1995
-
Pope Culture
A man of faith in a godless age is hitting Americans where it hurts.
-
Why the GOP Does Not, Like, Totally Suck
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
-
Dames at Sea
-
In the Absence of Guns
In Britain, defending your property can get you life.
-
The Metaphysical Martini
-
Counting the Costs of Clintonism
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
-
Chuck McHagel
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
-
The Legacy of Old John and Mother Fresh-Roasted
-
It’s the Best Time of the Year
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
-
The Bush Crack-Up
Was the President done in by the economy, or by the politics of the economy?
Clip of the Day
ADVERTISEMENT
Dai Alanye | 12.7.12 @ 4:54AM
Subsidies are bad policy, and tend to be unjust. This one appears to also encourage risk-taking by the people whose carelessness resulted in giving us TARP.
Oldefarte| 12.7.12 @ 11:46AM
If I understand this issue, I'd tend to be in favor of same, simply because IF the banks financially fail, then this nation becomes toast [and it probably will next year anyway so WTF, right?]. The original TARP was exactly intended to protect the major banks from such collapse, and thereafter a public run upon each/every bank thereafter, but THE KING thereafter extended TARP to included a political payoff to his labor union benefactors in Detroit etc [and the political payback was 11/6/12 when all private and public union members re-elected HIM]. Again, if the banking system goes into the crapper, we're dead and thats the only point I'm trying to make here!!!!
aware| 12.7.12 @ 7:39PM
How, on one hand, could there be trillions in capital "sitting on the side-lines" as is currently the case because of the obvious anti business attitude of this current Plunderer in Chief, and yet it somehow wouldn't jump at the chance to now be banks once the current rotten firetrap of a banking system spontaneously combusted?
In true freemarkets demand generates supply. The demand for a bank, or any number or model of bank, would be instantly filled with PRIVATE capital by those who know profit.
However, with the State "managing" things, as now, you do insure a certain type of bank that otherwise couldn't, does survive. The kind that can keep the profits yet offload the losses to the hapless taxpayer. That can raise fees, drop interest rates, pay a few hundred million in bonuses, loan 30, 40 times more than reserves, and even in special cases tell the bond holders to take a hike. Yet still go from 49% of the game to 73% in these past 4 years.
Essentially, that is the sum total of what you're getting with the "protection" allegedly provided by "government". The whole meltdown would be impossible to even have happened without the prime role of the State.
Love how you think they saved us from the end of Western civilization with TARP. At least they are getting something for the propaganda, if not for the "bailouts".