Year: 2008
UNCATEGORIZED DEPT.
Signs That I May Have Underestimated the Badness of Our Economy
I’m beginning to think the economic crisis is worse than I thought—meaning it won’t just hit Wall Street. I’m coming around for a couple of reasons: An awful lot of economists agree there’s a bad problem. Most of them also think the bailout was not the solution. There’s anecdotal evidence that the crisis is breaking… Read more
LEGAL DEPT.
You Don’t Want to Be the Target of a Federal Criminal Investigation
The bottom line is, if you are charged with a federal crime, you are probably going to go to prison. If you have been charged with a federal crime your first thought should not be whether you are going to go to trial to prove your innocence. And if you are guilty you certainly should… Read more
ECONOMICS DEPT.
Welcome to Our Junkie Economy
It started with Bear Stearns. Just a few billion dollars to take the edge off. Then Fannie and Freddie gave their lives over to the drug completely, followed by AIG. Suddenly everbody wanted a hit, they soaked up the drug to the tune of $700 billion dollars, and we thought it was over, but they kept… Read more
FREE SPEECH DEPT.
Is the Band Really a Surprise?
Legal Satyricon contributor Sam Lea clearly know how to begin a story: Police in Winona, Minnesota charged a 14-year-old boy with desecrating a U.S. flag, after he wrote song lyrics on it, burned holes in it with cigarettes, and then proceeded to tear the flag into several pieces. He then scattered the pieces throughout his… Read more
SCATTERSHOT DEPT.
Dow 10,000, Fannie’s Forgiveness, the Pope Talks Money, and Word
Random shots around the web: So how’s that bailout coming along? Are we feeling secure yet? Facing foreclosure? About to be evicted? Fannie Mae will apparently forgive your debt if you take a certain painful step. Talk about creating bad incentives… Easy for him to say. What’s the word? (Hat tip: C&F) Read more