FBI arrest one Matthew Aaron Llaneza for trying to blow up San Francisco bank.

    Short version: the feds arrested one Matthew Aaron Llaneza for attempting to blow up a bank for the Taliban; as is the FBI’s wont, they got him via a sting operation that was kept up right up to the moment where Llaneza pulled the remote trigger on the ‘bomb.’ Which is, obviously, fine by me: I want the FBI out there actively trolling the fringes | Read More »

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    Evil capitalist banker takes advantage of the market…

    …or that’s what we’re told to think.  As we RSers know, markets do work.  Check out this Forbes story (via Techdirt). In summary, a banker basically sits out of the loan market…for 3 years.  In a lengthy article, Forbes notes  Andy Beal, a 56-year-old, poker-playing college dropout, is a one-man toxic-asset eater–without a shred of government assistance. Beal plays his cards patiently. For three long | Read More »

    Bank of AmerObama — It’s Here to Stay

    Any talk of the federal bail out of troubled banks being a temporary act of the government can now be put to rest. http://online.wsj.com/article/SB123879833094588163.html How many of you thought that once the troubled banks were stabilized, they would start repaying the government?  Well the government, it seems, doesn’t want the money back.  Even banks who didn’t want TARP money to begin with — and were | Read More »

    March of Revolution – Bank Bailouts

    Gentlemen your financial system is being taken over by force. March of revolution continues. Eamon Javers from Politico reports – http://www.politico.com/news/stories/0409/20871.html “These are complicated companies,” one CEO said. Offered another: “We’re competing for talent on an international market.” But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation, and offered a blunt reminder of the public’s reaction to such | Read More »

    Too Big Too Fail Is Too Big To Fix – A Solution To The Problem

    Decades of bad decisions seem to be coming together in an incredible, perfect storm of trouble.  Now we are bailing out large companies left and right because they are “Too big to fail.”  If you or I have a small to medium business going under, tough luck.  Looking at what is happening, throwing money at the problem is not fixing anything.  We are just dragging | Read More »