Tag Archives: Bear Stearns

George Will has a great idea(!) about bank bailouts

We may or may not be in the early stages of a horrible recession. All we really know is that gas is f***ing expensive and banks seem to be falling all around us. But I tell you what, I’ll be damned if bad economic forecasts stop me from eating chocolate and chugging beer. Anyways, back […]

Bailing out the rich: Your $$ and Bear Stearns

CNBC is reporting that the Treasury has offered to pay the Fed for any losses they incur in the Bear Stearns buyout. (h/t Shaun Mullen) So let’s get this straight, some investment banks made a bunch of risky deals, essentially investing in worthless loans. Those deals went south, and now, instead of the market doing […]