From a real economist.
- “Failure” only means that corporate bondholders don’t get every penny
- The Federal Reserve’s purchases of Fannie Mae’s and Freddie Mac’s debt obligations were illegal
- Creating shell companies to buy Wall Street’s bad assets is not “discounting,” and was therefore also illegal
- The skewed distribution of wealth in the U.S. is worsened by policies that misallocate capital and divert public funds to bail out investments that have already gone bad.
Lacy was sprayed by a skunk last night. Really badly, it took 3 applications of the skunk stink removal formula to get it. Thankfully only she was sprayed, and she is small enough that we could wash her in the kitchen sink. This morning I will be decontaminating some blankets, a dog bed, and towels. And my fingers still smell of skunk.
Here’s the link to my skunk stink removal formula. https://dagnygromer.wordpress.com/2009/07/31/dogs-skunks-really-bad-trouble/ It worked again last night. Today I have to restock my skunk supplies.