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In Steve We Believe! - Random Ramblings From Sotus Blog
Commentary from the intersection of government and your wallet on how government policy affects our life, liberty and the pursuit of happiness.
2009-04-20 13:33
The Tax Day Tea Parties started out as a grass roots protest against ill advised government spending fueled by the likes of Bob Basso and Rick Santelli.  (Basso has another youtube vide… Read More
2009-04-20 12:16
Interesting quote:"Only Ponzi schemes should depend on confidence. Governments should never need to “restore confidence”. Cascading rumours are a product of complex systems… Read More
2009-04-14 00:27
Within the next week we have 2 relatively significant events in every American's life.  The first is April 15 - which is the day individual tax returns are due.  Paying taxes is th… Read More
2009-04-09 11:34
Congress, without debate or investigation of any sort, blindly approved bailout after bailout.  $4 Trillion dollars of your hard earned dollars have gone to the financial rescue of bank… Read More
2009-04-08 15:18
April 15, tax day, is but a week away.  Now is the time for everyone to join in peaceful protest to show your elected officials how you feel about government spending and flawed policie… Read More
2009-04-08 00:34
The fraud that has brought our economy to the brink of collapse occurred at every level, from the borrowers, to the mortgage lenders, to the investment bankers pooling the loans, to the rati… Read More
2009-04-08 00:31
Over the past several weeks many commentators and blogists have discussed how the Treasury's plan is nothing more than additional taxpayer bailouts of big banks. The public private partners… Read More
2009-04-03 13:02
The G-20 meetings that were held in London this past week resulted in President Obama agreeing to follow France's President, Nicolas Sarcozy, plan to regulate more tightly the once free mark… Read More
Government Policy Summed Up
2009-03-29 11:53
The Wizard of Id has managed to succintly summarize our Government's policy towards troubled businesses.  Here is the comic in full:   In Steve We Believe! (c) 2007-2009… Read More
2009-03-20 14:37
Update on yesterday's post on AIG Bonus Firestorm Misdirects Attention Away From CDS Payments.  Mike Shedlock's blog quotes Eliot Spitzer as identifying the real disgrace of the AIG sca… Read More
2009-03-20 14:36
One thing that has been, and is still, a certainty is that when any government politician says something we know the opposite is true.  The furor over the AIG bonuses is a prime example… Read More
2009-03-18 15:40
The SEC had finally decided to take action against Madoff's accountant, David G. Friehling, for enabling Madoff's fraud.  The SEC's complaint alleges that Friehling enabled Madoff'… Read More
2009-03-16 01:08
Over the past few weeks I have read several proposed solutions to the current banking crisis that seem to advocate for a return to the flawed regulatory system put in place after the Great D… Read More
2009-03-09 11:48
Over the weekend, Senators Richard Shelby and John McCain finally floated the idea of letting big banks fail.  After spending billions of taxpayer dollars trying to prop up large but in… Read More
2009-03-05 14:13
GM Auditors Raise the Spectre of Chapter 11 according to an AP article posted on Yahoo.  "The corporation's recurring losses from operations, stockholders' deficit, and inability to gen… Read More
2006-06-07 11:16
Has a new found sense of fiscal responsibility and frugality overcome the White House?  This Week, President Obama announced cuts to his record setting budget.In making the announcement… Read More
2006-06-07 11:16
Well the bank stress test results are in.  Yesterday, the Fed released the Supervisory Capital Assessment Program results and banks were only short, collectively, about $75 billion doll… Read More
2006-06-07 11:16
A truism of government, regardless of political party, is that when officials tell you something, they mean the opposite.  The large bank holding company stress tests recently conducted… Read More

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In Steve We Believe! - random ramblings from Sotus


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