Zero Hedge commentary Chrysler
Some more updates as I try to track down Chrysler’s bankruptcy case # in SNY (reader input welcome).
- Treasury to get 8% of equity in new Chrysler
- VEBA to get 55% of equity
- Daimler agrees to give up 19% equity in Chrysler
- Cerberus forfeits equity in the company and will waive its [...]
absolutely beautiful thoughts
Interview:
George Selgin By Stephen Slivinski
RF: Describe free banking. How does it differ from the sort of system we have in the United States today?
Selgin: I use the term to mean laissez-faire banking — banking without any special government regulations or restrictions. Like free trade, it’s an ideal concept. It doesn’t refer to any specific [...]
Ai note: The Health Czar or how stupid are we again.. written by Edgardo Tenreiro from Mises.org
Experts agree that our healthcare system is unsustainable and in need of reform to promote better coordination, accountability, outcomes, and cost effectiveness.[1] Regrettably, they also seem to agree that we need a robust central-planning authority — a health [...]
And we are back to happy days…
Quote from article written by Jim Willie, but not his words.
“Following the collapse of Lehman Brothers in September, fails to deliver among the 17 primary dealers in the US treasury market have rocketed to more than $2 trillion over a period of weeks and still lie above $1.3 trillion. [...]
And now we have to learn it the hard way.
pic from Tyler Durden (Zero Hedge)
No less an authority than FDR’s Treasury secretary and close friend, Henry Morganthau, said in 1939: “We have tried spending money. We are spending more than we have ever spent before and it does not work…..I say after eight years of [...]