The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Ruh-Roh: Massive International Bank Scandal May Involve Tim Geithner?

Just now watched James Rosen on Fox News explaining this to Jenna Lee and — despite the eye-glazing intricacies of the financial details involved — recognized it as a potentially major scandal: Years before the Libor scandal ripped through the financial industry, Timothy Geithner sent a memo to the Bank of England calling for a […]

Federal Bureaucracy: Doomsday Machine

by Smitty Echoing VodkaPundit’s rejection of Star Wars (I have never esteemed it above mildly entertaining space opera, myself) we’re going reaching back to Denny Crane’s old show for a metaphor to mock Politico’s risible title: “Southern governors secede from Medicaid” Wow, what an absurd headline. Really shameful. politi.co/OYZXzs — Lachlan Markay (@LachlanMarkay) July 11, […]

Good News: The Libor Scandal Is A Purely European Problem

by Smitty Zero Hedge is on about the Libor scandal as though it was a deal of Biden-esque proportions. Robert Reich is shocked, SHOCKED! at this turn of events: Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them – bets that will pay […]

Senator Coburn’s ‘Debt Elimination Ordnance (DOE)’ Adventure

by Smitty Now and then it’s healthy to step outside of Obama’s ‘Real World’. To breath some fresh air. To ponder existence beyond the orbit of the Obamas, Kimberlins, and #Occupy hippies. The Left’s controlling 1% makes for a long, strange, dangerous trip. One of the handful of political leaders worth two hoots today is […]

Fear and Loathing in Thurmont: G-8 Summit Will Be 15 Miles From My House

Oh, I wouldn’t miss this for all the Euros in Athens! Thurmont ready for G-8 Summit, not worried about protests THURMONT, Md. – Eight leaders of the world’s largest economies will converge on Camp David this weekend for the 38th annual G-8 Summit, which will likely bring protesters from Baltimore and Washington, D.C. Caught in […]

Bank Run in Greece = DJIA Rises?

Back in 2009, I started saying that U.S. economic policy was so far into uncharted waters that we’d reached that part of the medieval map where it says, “Here Be Dragons.” There was no precedent for what the Fed and the Treasury were doing, and any attempt to predict what came next was pure speculation because […]

Silly AFP, Thinking BHO Will Hold To Any Prior View

by Smitty Watch this ad: Here is the WaPoo with some background: The House voted Wednesday to reauthorize the Export-Import Bank for another three years, permitting the agency to continue providing hundreds of millions of dollars in trade assistance to U.S. firms. Lawmakers approved the plan 330 to 93, easily surpassing the two-thirds majority needed […]

You Say That Like It’s a Bad Thing

“François Hollande will strike fear into the hearts of the rich,” is the headline on a column by Nabila Ramdani in the British Independent. Permit me to suggest two likely results (a) some genuinely rich people will leave France, taking their wealth with them, and (b) a lot of the “rich” people in France won’t […]

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