Photo taken in Magnolia (Seattle).
Blog for Michael Allen Smith of Seattle
About
Critical MAS is the blog for Michael Allen Smith (MAS) of Seattle. My interests include nutrition, fitness, finance, travel and coffee.
Background photo by bonacheladas.
Subscribe
RSS
Twitter
Posts By Email
Classic. Reminds me of a vanity plate I saw the other day here in Virginia. It said ‘GOVTFB’. For a brief scary moment I thought the driver was an advocate for Goverment Football. Of course, I am fairly sure it was intended to read ‘Go Virginia Tech Football’. What a relief.
On stimulus, I am actually more in the Krugman/Roubinni camp than the Denninger/Mish camp. I find a deflationary death spiral and 25% UE too disturbing …and I am not sure if we would even have a Republic when it was all over.
Regarding the bail-outs though, I totally agree with you. They should have demanded transparency and done a triage a year ago. Forget “too big to fail,” instead let the “too screwed up to succeed” go through bankruptcy.
The idea that trillions of dollars are flowing from taxpayers to “investors” makes my blood boil.