So yeah…what was all that talk about never seeing any of the TARP money again? And this is after 10 banks said last month they’d be paying back $68B worth of TARP money. Goldman was one of them. And the American taxpayer turned a tidy profit on the deal. From Bloomberg: Goldman Sachs Group Inc.’s [...]
The A.P. continues to come up with one dumb idea after another. I have more on this craziness over at True/Slant.
Anti-reform advocates are the gift that just keeps on giving. Take the case of David McKalip, who sent the above image out to his email list. Does he genuinely not understand the implications of distributing trash like this? Because not only is it guaranteed to get out to the broader media, it also seriously undermines [...]
About a month ago, when most of the unrest in Iran was happening, I wrote about the fact that Nokia Siemens seemed to be helping the Iranian government track down protesters. Well, it looks like the Iranian people are doing something about it and protesting with their wallets. Perhaps you should too? Not so fast… [...]
The Wall Street Journal uncovers what happened, but we’ve discussed it quite a bit here already. The banks were allowed to over leverage themselves to the point of failure. Sure, relaxed rules on home ownership were a contributing factor to the downfall, but that was a symptom of the disease of easy credit, not the [...]
In one of those “every silver lining has a cloud” kind of situations, state and federal government road maintenance funds are dwindling as people drive less and use less gasoline per mile as they buy more fuel efficient cars. The federal government had to put $8 billion into the Highway Trust Fund because plummeting gas [...]
I’ve been genuinely intrigued at how much fiction and reality have been intersecting recently. See, there’s this film called MOON and it follows the story of a guy working on the far side of the moon who figures out that there’s a lot more to his mission than collecting the natural resource Helium-3. It’s a [...]
This is an excerpt from Obama’s town hall meeting today in Cleveland, courtesy of the Washington Post… If you have health insurance, the reform we’re proposing will give you more security. You just heard Rick’s story. Reform will keep the government out of your health care decisions, giving you the option to keep your coverage [...]
They’re actually going to go on vacation instead of trying to pass it. Wow… Reid told reporters he expected the Senate Finance Committee would approve its version of the legislation before the Senate starts its recess August 7. “We’ll come back in the fall,” and work in the full Senate on the bill, he said. [...]
About the author: Byron C. Tau is a journalism graduate student at Georgetown and a recent graduate of McGill University in Montreal. You can find him all over the Internet, from his politics and commentary website Heartless and Brainless to his Twitter account to his personal blog. His favorite topics tend to be civil liberties [...]
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