Even well capitalized firms are getting killed…
WaMu Rating Lowered to Junk by S&P on Mortgage Losses
By Ari Levy
Sept. 15 (Bloomberg) — , the biggest U.S. savings and loan, had its credit rating cut to junk by Standard & Poor’s because of the deteriorating housing market.
S&P reduced its rating on Seattle-based WaMu to BB- from [...]
Tomorrow night seven congressional candidates running on a freedom platform will compete for your vote in the . The winner’s campaign will win all the money raised by ticket purchases.
Radio host Jack Hunter and I will be providing commentary after each candidate is interviewed and takes questions. And it all takes place online, [...]
Mortgage megaliths Fannie Mae and Freddie Mac are being taken over by Uncle Sam. . Even some in the media are coming around. Atlantic Monthly blogger Andrew Sullivan, for example, writes:
What we are dealing with in detail I am not professionally qualified to discuss (I’m not Sarah Palin, I know my limits.) But what we [...]
Dr. Paul and I were in Surfside Beach a few minutes ago meeting with local officials and did an impromptu interview with MSNBC. It started around 2:08 PM CT. If anyone happened to catch and record the spot, I would very much appreciate it if they could send it to me.
Got it. Thanks Mikael [...]
Lew Rockwell is out with a fine piece in Goldseek that looks at the distorting effects and accompanying loss of freedom of government intervention in markets. The article includes this tidbit from Ron Paul, from way back in 2003:
“If Fannie and Freddie were not underwritten by the federal government, investors would demand Fannie and [...]
Frantic Day on Wall Street as Banks Teeter
Published: September 15, 2008
In one of the most extraordinary days in Wall Street’s history, Merrill Lynch is near an 11th-hour deal to avert a deepening financial crisis while another storied securities firm, Lehman Brothers, hurtled toward liquidation, according to people briefed on the deal.
The dramatic [...]
The .
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Pillars of Liberty
For those that find Wealth of Nations to be a bit thick and difficult, I strongly recommend P.J. O’Rourke’s wonderful primer, .
As long as I am pitching P.J., there are two books that set me on the road to understanding, O’Rourke’s .
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In addition to Don’s great recommendations (This was also recommended in the comments section of the below post.)
It’s a quick read (my printed version is only 76 pages), and is a great primer on the rights of man versus the encroachment of government. It serves as a tremendous introductory tool to pass around [...]
Dallas Mavericks owner Mark Cuban is the latest in a long line of armchair political analysts who thinks that you can put lipstick on a pig and call it Ron Paul, to torture an analogy. His advice to Obama…become Ron Paul before McCain does.
How hard is it to understand that the Ron Paul phenomenon [...]
