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Fannie and Freddie: Only the Tip of the Iceberg
Easy Al Greenspan has stepped out of his cave and opened his big fat mouth again. This time, Al felt it necessary to propose that the United States of America have specific “laws that authorize the Treasury to use taxpayer money to counter systemic financial breakdowns transparently and directly.â€
Where to start…I mean, Alan Greenspan is a socialistic, Keynesian Loving, politician pleasing, power and greed driven **explicit delete, explicit delete**, piece of **explicit delete**. To think that this guy was a self proclaimed libertarian.
It’s really ironic that Easy Al even has the audacity to comment on the current mess we are…
9Sep2008 | Oxbury Research | Comments Off | ContinuedIndia Fuels Inflation by Bailing Out Refineries
Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high.
The Indian government subsidizes most fuel costs, meaning state oil firms are forced to sell fuel at hugely discounted rates to shield consumers from inflation. But with the price of oil soaring to a recent high of $135 a barrel, refineries have been unable to cover costs and pressed to the point of bankruptcy.
The inability to pass high prices onto consumers cost state-run refiners about $43 billion for the year ended March 31, Serangulam V.…
5Jun2008 | Money Morning | Comments Off | Continued
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