News and Views for Tulsa's Reality-Based Community: Ideas, Politics, Letters, Art, Environment
I'm just a simple president.
The fruit of simple Bush + Conservatism in power; Reuters headline for Monday:"JP Morgan Chase & Co set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the U.S. Federal Reserve expanded lending to securities firms for the first time since the Great Depression to prop up the financial system."
This Powerpoint presentation in stick figures makes the bank situation crystal clear. And it's hilarious.
A good article at the New York Times about the Bear, its past practices, and what the Federal bailout means.Hang on to your hats; we the taxpayers are going to be strapped to this financial WMD. I'm sure the Simpleton In Chief has a parachute.Again, cudos to the GOP and its conservative "philosophy."
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