« Venture Capital Cartograms: All California, All the Time | Main | Policy Suggestions for Post-Crisis Markets »

Latest Stories

• Excel Wankers and Recession Averages
• Sorry, New York is Closed. Check Back Later.
• Catching Falling 2009 Earnings Estimate Knife
• Survivorship Bias in Global Markets
• Talking Positions on a Lazy-ish Retirement Portfolio

September 18, 2008

Jon Stewart: Congratulations, You Own An Insurance Company

Funny Jon Stewart segment on the recent financial bailouts. I especially like his "The CNBC octabox!" comment. Cute.

Somewhat more seriously, this issue continues to spin out of control and needs to be explained to people. Right now. Because the Stewart show is a good barometer of a common view of what's going on, and the common view is, "Screwy and indefensible bailouts all over the map". And they are that, of course, but there are also few good alternatives, unless you're fond of watching global markets collapse. Expecting voters to have that figured out for themselves is, however, indefensible and stupid.

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it   |   Facebook it