Posts tagged as:

bailouts

Cyprus Takes More Deposits, But From Fewer People So Now It’s Okay or Something

March 25, 2013

A few days ago, it looked Cyprus was about to raid the nation’s bank accounts in order to get a bailout from the European Union.  But because people saw how unfair it was to steal from people just because they wisely saved money over the course of a lifetime, a backlash ensued that forced Cypriot [...]

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France Goes Socialist

May 7, 2012

The people of France voted for change yesterday — from a right-leaning President in Sarkozy to the Socialist Francois Hollande.  The markets voted today — first down, then profit-taking.  Not a tantrum, but not an endorsement either. The people of France, like those in Greece and Italy, have chosen to wait until another day to [...]

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The “Occupy Wall Street” Contagion

October 3, 2011

I haven’t posted on the “Occupy Wall Street” movement yet simply because I thought it would be a mere flash in the pan, but since September 17th the rubes have stuck with it, even getting arrested trying to “occupy” the Brooklyn Bridge.  It was those 700 arrests that have seemed to galvanize this boiler-plate anti-capitalist [...]

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Depths of the Fed’s Bailouts Revealed

August 23, 2011

The scope of the Fed’s bailouts are revealed in this Bloomberg article from Sunday.  Be warned though, it elicits more nausea the longer you read it. Essentially, the bailouts were considerably more far-reaching than we were told, and despite nearly three years of new regulation, legislation, inconsequential hearings, and litigation, the fundamental reasons for the [...]

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Ireland is Breaking

November 10, 2010

Ireland’s been having to deal with a serious banking crisis which won’t go away.  However, things just got worse for Ireland:  this week Ireland’s debt hit a level that has spooked investors into predicting that Ireland will be the next euro zone nation to require a bailout. Two years of government bailouts have merely broken [...]

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