Tag Archive | banking crisis

Some Economic Reading Material

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You Will Pay Anyway

Regarding the financial crisis: Many people think that Bush, Obama, and the Congress made tax payers pay for the banks in order to rescue them. This is correct, but if the banks hadn’t been rescued, tax payers still would have paid for them. How, you ask? Well, guess whose checking account would have been closed […]

Worse Than The Great Depression?

Who’da thunk it? If Bernanke and his gang wouldn’t have rescued BofA, Citi, and Wachovia, the total amount of deposits lost would have been far higher than in the Great Depression of the 1930s. Imagine what could have happened, if Bernanke, Paulsen, Geithner and others weren’t there to rescue everybody. We would have lost Bear […]