Showing posts with label Cronyism. Show all posts
Showing posts with label Cronyism. Show all posts

Tuesday, March 23, 2010

Stimulus ~ The Family Plan



                THE STIMULUS AT WORK


                           


Some have said that the stimulus hasn't saved any jobs, but here is a case where at least one job was saved.

Monday, December 21, 2009

Cronies of the Fed most "bailoutable"


Raising "crony capitalism" to its most putrid level yet.



Study Finds That Of All Factors Determining The "Bailoutability" Of Crappy Banks, Ties To The Federal Reserve Are Most Critical


Submitted by Tyler Durden on 12/21/2009

Adam Smith, Charles Darwin and George Washington are not only rolling in their graves, they are dancing the macarena. A new study by the UMich School of Business has found what everyone has known since the crisis began, if not centuries prior: that the biggest, crappiest banks were guaranteed to get more bailout funding the more political ties they had (and more kickbacks they had offered). Is this sufficient to claim that capitalism in its purest sense has been corrupted beyond repair, courtesy of political intervention and constant pandering?