Here’s a decent wrap-up of the bailout news from D.C. for this week. Of course, Keith is advocating throwing the money at the auto industry instead of the banks.

The discussion in the news seems to focus around, “Who should get this money?” In my opinion, the real discussion should [...]

There’s a pretty hard-hitting opinion piece by Devvy Kidd over at NewsWithViews.com that goes into morbid detail about all of the evil schemes being concocted by the D.C. crowd.

Rape is an ugly word usually attributed to an attack on a woman. It also means an act of plunder, violent [...]

… Now that the Treasury has abandoned its plan to buy the toxic assets of banks, other companies, including insurers and student loan companies, are lining up too. Many on Wall Street say they believe that the cost of the rescue is certain to exceed the $700 billion that was originally [...]

Despite this site’s opinion that the government bailout plan was an improper way to go about restoring the economy, it is hard to challenge the fact that some form of legislative action needed to be taken. What many economists saw, and even a good majority of the population could assume is [...]

Looks like our friends to the north are taking the approach that the U.S. has just given up on:

The Canadian government will buy up C$50 billion ($40 billion) more in insured mortgages from banks as part of a series of steps announced on Wednesday to improve the availability of [...]

American Express Co. which is being hit by slowing consumer spending and rising defaults, is seeking roughly $3.5 billion in taxpayer-funded capital from the federal government, according to people familiar with the situation.

Courtesy of the WSJ.

It did not take a giant leap in logic to see that [...]

U.S. Treasury Secretary Henry Paulson sold Congress on the idea of buying mortgage-backed securities which were the “core problem” at the time. However, now he wants to expand the uses of the money to invest in credit card companies and other industries. He held a press conference today explaining that his [...]

Texas Congressman Ron Paul lays out his argument against further regulation falling out from this financial situation. Find out more about Ron Paul and his views at CampaignForLiberty.com.

The Moral Hazard of Regulation

by Ron Paul

Since the bailout bill passed, I have been frequently disturbed to hear “experts” [...]

This is pretty good:

Click Here for Monopoly, Subprime Mortgage Edition

One of the best cards: “All of your money was in AIG and Bear Stearns stock. Lose $200″.

Thanks to one of our readers, Rick, for sending this to us.

Even as the company was pleading the federal government for another $40 billion dollars in loans, AIG sent top executives to a secret gathering at a luxury resort in Phoenix last week.

Reporters for abc15.com (KNXV) caught the AIG executives on hidden cameras poolside and leaving the spa at the [...]