Archive for August, 2008

“These credit-card companies are beyond the law and should be more tightly regulated.”

Saturday, August 30, 2008 18:20 Comments Off

This story in Business Week is just more of the same: poor me, I went into debt on credit cards because it was so much having having all the goodies, but now I can’t make the interest rates, so government, you gotta do something! Lured by bank come-ons that sold a debt-fueled lifestyle of lavish [...]

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Bankruptcy Isn’t Always a Choice

Saturday, August 30, 2008 18:09 Comments Off

Here’s a good example of how insolvent companies get forced into bankruptcy by their creditors. Salt Lake City-based Woodside Homes, the Sacramento region’s 15th largest builder in 2008 based on sales volume, has announced it will file for Chapter 11 bankruptcy reorganization by Sept. 16, Big Builder Magazine reported Thursday. …Creditors on Aug. 20 filed [...]

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The End of Freddie and Fannie is the End of the World

Thursday, August 28, 2008 7:46 Comments Off

According to foreign investors who want to be compensated for their losses in US agency holdings.

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Engendering Huns and Vandals

Thursday, August 28, 2008 6:54 Comments Off

From Rob Stove comes this prophetic phrase from Lord Macaulay, written in 1857 to an American correspondent: When society has entered on this downward progress, either civilization or liberty must perish. Either some Caesar or Napoleon will seize the reins of government with a strong hand, or your republic will be as fearfully plundered and [...]

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What Planet Are Libertarians On?

Wednesday, August 27, 2008 11:22 Comments Off

In reference to this post (which was also posted on Lew Rockwell’s blog) making fun of – and criticizing – the greenie reusable toilet paper and sanitary napkins, I got this email. Dear Karen, as a libertarian, you should allow the choice to those who want that type of the feminine products. You would not [...]

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You Asswipe. Literally!

Wednesday, August 27, 2008 10:11 Comments Off

Via the Mises blog comes this enviroinsanity. But then …… ladies, there’s the reusable cloth pads for your monthly periods. You can get printed pads with “supergirl,” “pirates,” “fishies,” or even “monkees!” And you can even get a cute ladybug “pad bag” for carrying around your “green” feminine pads. The company even tries to pass [...]

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“If Sarbanes-Oxley were a stock, we’d recommend selling it short.”

Wednesday, August 27, 2008 9:36 Comments Off

A great comment and article on the editorial page of the New York Sun on the US Court of Appeals decision concerning the PCAOB and Sarbanes-Oxley. The issue is whether Sarbanes-Oxley’s creation of an agency to police auditors of public companies violated the doctrine of separated powers. The chief constitutional problem with the law is [...]

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Housing Bubble Lunacy: Idaho and Oregon’s Wealth-Free “Boom” Towns

Wednesday, August 27, 2008 5:20 Comments Off

This summer, during the course of his job, LRC’er Eric Englund has visited three towns that have experienced extreme housing bubbles. As you may know, Eric has an extensive archive on this topic, and related topics. Here is a great rundown from Eric on the mentality created by the bubble economy. Bend, OR, Eagle, ID, [...]

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Kucinich for VP

Tuesday, August 26, 2008 5:13 Comments Off

Yes, the democrats should have nominated Kucinich, but the boring Obama camp should have grabbed the electrifying, interesting, appealing Dennis Kucinich for VP. This is a guy who, in spite of his leftist, New Dealer bent, and his horrifying plans for the economy (I write about that here), I’d like to see in the White [...]

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Keep Your Lowbrow Hillbilly Cadillac Out of Sight, Please

Monday, August 25, 2008 20:54 Comments Off

Homeowners’ associations can be filled with hordes of power mongering, petty, little tyrants who love to play Big Bureaucrat and run the lives of everyone else. In Texas – of all places – there is an HOA that will not allow your Hillbilly Cadillac in the driveway. Because it’s too unsightly. Yeah, you know the [...]

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