Regarding the Supreme Court’s decision, I think their Interstate Commerce validation is fallacious. The Interstate commerce clause authorizes Congress “To regulate Commerce with foreign Nations, and among the several States, and with Indian Tribes.” The problem is, you have to have commerce for interstate commerce to apply. In this case they are not regulating the … Read more The United States of America…Where We Punish The Healthy
Our government wastes a lot of time on the soap box about issues that really have nothing to do with solving the problem. They spend very little time solving the real problem. Housing prices are a symptom, not the problem. Executive pay was a symptom, not the problem. Madoff was a symptom, not the problem. … Read more Ditech is Wrong…People are Stupid
Maybe we should prohibit them from paying bills with TARP money as well, god forbid they use any of it to run their business. If we are going to prohibit them from spending money on advertising and other endeavors that have proven to provide a good ROI, we might as well just shoot them in … Read more Killing the Banks
Greenspan WAS the flaw in his free market model…because he altered free markets by lowering rates to boost the economy after the stock bubble burst. Plain and simple. Had free markets been allowed to correct after the bubble burst, we would have unwound the excess risk and leverage much sooner and with much less pain. … Read more Greenspan’s Flaw in Free Market Model