Bankruptcy, not bailout, is the right answer

CNN ^ | September 29, 2008 | Jeffrey A. Miron

[Arguendo]

I disagree. Financial institutions are deleveraging fast enough already that I don’t think there’s a significant danger of inflation in the near-term at least. It might not be appropriate to bail out banks, but we don’t want another Great Depression, and if history is any guide the worst thing the Fed could do is tighten monetary policy.

[fightinJAG]

New link for "Burning down the house" video that was pulled from YouTube.

[READINABLUESTATE]

We’re sorry, this video is no longer available

[The Bat Lady]

I just emailed my senators that any solution which does not eliminate the racist Community Reinvestment Act is doomed to fail. My representative (Lloyd Doggett) is hopeless, but I will email him anyway.

Dear Bertram,

I too, sorry to say, have Doggett as a rep. I call him almost every day ..... for years now. He never listens.

THIS TIME, he did. When I called the day of the vote she was quick to tell me his postion and that he was against the bail out bill.

HUMMMMMM Doggett must be up for re-election in a few weeks. Nothing else would explain his "no vote" against Pelosi.

HAAAAAAAAA. I plan to vote against him anyway for his other years of horrible votes against the Constitution and America.