Earlier this week, I said the FDIC was preparing for a too-big-to-fail institution to fail, and I speculated that Bank of America was the most likely candidate. Looks like bond investors figured the same thing.
Just yesterday I was on about an article suggesting that instead of blaming the banks for committing fraud, we instead blame the victim for not paying his mortgage. I wasn’t the only person who took offense at that ill-considered piece of garbage.
It’s been a while since we’ve heard much stink about property rights cases like Kelo vs. New London, where property was taken simply because somebody thought there was a market for something nicer. It turns out there are “environmental costs” to those developments, many of which are no longer viable since the real estate bubble burst.
And here’s one from way way back there. Somebody needed a study to show that small businesses create jobs? Next thing you know we’ll be studying whether or not things fall when you drop them.
In closing: Fox and Cablevision play chicken; etiquette schools; “honey, which can did you use?”; and “You’re much stronger than you think you are,” said Superman.