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Economaton: WaMu Fails; McCain calls for LESS regulation. WTF?!
Washington Mutual just failed, upping the ante.
The Republican plan is unbelievable. They call for EVEN LESS regulation of financial markets?! According to
the WSJ, McCain is responsible. Evidently, he’s trying to fire up his conservative base.
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Dateline: 2013-04-14 4:35am -07:00T (282 words)
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Economaton: Deflation Fears Overblown
Deflation is everywhere in the news now. This seems to be on analogy to Japan.
Treasury bond yields are at their lowest since 1981, attributed to deflation fears. Yet the Fed is spraying cash with a firehose at the banks, and they’re sitting on ...
Dateline: 2013-04-14 4:35am -07:00T (188 words)
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Economaton: Automakers Seek $34bn Bailout: the Free Market at Work
They
formally requested $34,000,000,000 from the government yesterday. I don’t recall that they ever offered to share their excess profits with the government during their boom years. Privatized profits, socialized losses.
The free market is puni...
Dateline: 2013-04-14 4:35am -07:00T (315 words)
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