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Monthly Archives: September 2008
How Entrepreneurs Can Survive
Bernard Lunn makes another outstanding contribution at ReadWriteWeb. This time it’s a look at the credit crisis, and what entrepreneurs must do to survive. I’m oversimplifying in this summary, but for entrepreneurs the uncertainty remains, stupid business plans will still … Continue reading
Chapter 11 reorganization transfers risk to the willing
Jeffrey Miron opines that instead of accepting a bailout, banks facing failure should opt for bankruptcy filing instead: Bankruptcy does not mean the company disappears; it is just owned by someone new (as has occurred with several airlines). Bankruptcy punishes … Continue reading
Tuesday Tidbits – September 30, 2008
Despite the resounding success … miserable failure … mixed emotions involving the bank bailout plan, constituents of our fine land are willing and capable of cutting through the bull: Mike Masnick says take a deep breath – there are still … Continue reading
How will the bailout bill failure play out?
In a poll from Glenn Reynolds almost half of respondents chose… Can’t answer — too busy stockpiling shotgun shells and canned goods. Based on panel estimates from Quantcast, Instapundit readers are solidly middle class, and over 80% are college or … Continue reading
Bailout Bill Fails in House (UPDATED)
Wall Street Journal: The House of Representatives delivered a stunning defeat to legislation designed to rescue the nation’s troubled financial system, sweeping aside a call from President Bush to “send a strong signal” of confidence to markets at home and … Continue reading
Midday Monday Bailout Negotiations Briefing
A chronology Thursday, September 25th, 1:10PM – Chris Dodd and Company say an agreement has been reached. Must have been Dodd’s Plan. Thursday, September 25th, 4:32PM – We’re now hearing about ‘wreckage’ and ‘climbing’. Those dramatic terms probably got a … Continue reading
Snake River Cutthroat
Probably not a big deal, but this is the first Snake River Cutthroat I’ve seen up close and personal (i.e. recently on the end of my fly line). Didn’t take much time setting up this photo (which is a good … Continue reading
Gratuitous fly fishing post for the evening (UPDATED)
You can be gratuitous too I’ve had a pretty darn good September so far. For some odd reason more than a few folks have been abnormally kind to me – I hardly deserve it, but I’ve had a chance to … Continue reading
Fed Acted Like a Liquidity Drug Dealer
Marc Faber uses choice analogies, and cuts to the chase as well: Other sources of funding, such as foreign reserves of resources-rich countries, are also likely to dry up, Faber said. “I think sovereign wealth funds are going to be … Continue reading
Senator Clinton: Let’s Keep People In Their Homes
Senator Hillary Clinton: This is not just a financial crisis; it’s an economic crisis. Therefore, the solutions we pursue cannot simply stabilize the markets. We must also deal with the interconnected economic challenges that set the stage for this crisis … Continue reading
