Archiv ‘USA’
Donnerstag, 12. März 2009
Setzt Madoff ans Steuer
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We have previous suggested that Madoff be tapped for Secretary of the Treasury. The United States is running the biggest Ponzi scheme of all time, paying off old loans by taking out new ones. Why not let a real pro run the program?
And surely some under-secretary post could be found for Armstrong. In the news over the weekend came word that Geithner was working ’night and day’…and alone. He is supposed to have a full complement of hacks and functionaries to help him; but they haven’t been appointed or approved yet. So Geithner sits at his desk and talks to himself. What a pity! Destroying a major economy is not a job for a single man. Even Alan Greenspan had a crew of apparatchiks to help.
Quelle: Dow Shows Signs of Life
Tags: Finanzkrise
Labels: USA, Wirtschaft
Freitag, 20. Februar 2009
Der Fluch von Suburbia
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It was determined a half century ago that home ownership was a good thing. Since then, the government has bent the rules in favor of the homeowner – with artificially low mortgage rates…and substantial tax benefits. As an unforeseen consequence, the feds helped create the biggest mortgage-backed credit bubble in history. Not only that, they changed to geography of America – with vast suburbs stretching out in all directions, rather than cheaper and more efficient tightly packed apartment buildings.
Quelle: The United States: The Largest Ponzi Scheme in the World
Labels: USA, Wirtschaft
Mittwoch, 21. Januar 2009
Obacht, Obama!
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if we were Mr. Obama, we’d approach this new job like renting a car from a disreputable agency. We’d want to take a good look and take note of all the dents and defects before driving off the lot. We wouldn’t want to get charged for the previous drivers‘ mishaps!
Quelle: A Nation of Patsies…in a World of Hurt
Labels: Politik, USA
