Government money is a toxic asset

Real Clear Politics
by David Ignatius

05/17/09

Remember those ‘toxic assets’ that were clogging the financial system a few months ago? Well, despite all the billions in government bailout programs, they’re mostly still there. And in trying to clean up the system, the Obama administration has actually created a new category of toxic assets that banks desperately want to get off their books — namely the U.S. Treasury’s forced infusions of capital...

//tinyurl.com/p78lxb



Obama’s magic bubble deflator

Ludwig von Mises Institute
by Thomas E. Woods, Jr.

05/18/09

In case you’ve ever wondered what it must have been like to read Pravda, reading the American media’s treatment of the financial crisis and our wise leaders’ expert management of it all has given everyone a wonderful opportunity. For instance, check out this piece from several days ago on Politico. If you can’t bring yourself to click on the link, I’ll give you the headline: ‘Obama Would Regulate New ‘Bubbles’...

//mises.org/story/3464


Informant: Thomas L. Knapp



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