In the end this peasant will probably get the short end of the stick, but maybe she will get lucky and receive some leniency from the King. And who knows, maybe this is the beginning of a debtor’s revolt and a new movement. Reminds me of burning draft cards in the 60’s. We could have demonstrations where everyone burns their [...]
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| Krugman has an article today, Alice in financeland, that shows how sometimes following accounting rules leads to apparent absurdities. Because of market to market accounting rules and credit default swaps he says: …Citigroup is profitable because investors think it’s failing, while Morgan Stanley is losing money because investors think it will survive. I am not making this up. This is part of the problem of “too big [...] Ed Schultz said today that governors and state legislatures should do what they can to prop up the auto makers to give consumers an incentive to buy cars. He was suggested a tax credit for buying a car made in the U.S. In the first place, Ed, most states are looking at budget deficits right now – the last thing they need is a revenue killer. [...] Transcript of video Sept. 11, 2006 | 8:32 p.m. ET This hole in the ground Keith Olbermann Half a lifetime ago, I worked in this now-empty space. And for 40 days after the attacks, I worked here again, trying to make sense of what happened, and was yet to happen, as a reporter. All the time, I knew that the very air I breathed [...] | Available Streams 2    | ||||
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