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Tagged: Financial Crisis
Let my people fail.
“…in the good Providence of God, apparent failure often proves a blessing.” — Robert E. Lee It is often said that we in America take our freedoms for granted. Our founders assured us of freedom to worship as we see fit, freedom to speak our minds, freedom to pursue our dreams, freedom to own the fruits of our labor and freedom to criticize and, if necessary, change our government. If we take these freedoms for...
It’s time to be scared straight.
Let’s pick a middle class home in Tyler at random and eavesdrop on the conversation taking place inside between husband and wife. HIM: “Honey, we need to rein it in. We talk about it every year before the holiday season begins and we promise that we’re going to keep a lid on things at Christmas but then we each go out and see just one more thing and we reach for the plastic and boom....
At least Howard Beale knew who to be mad at.
“I’m mad as hell, and I”m not going to take it anymore.” Peter Finch as Howard Beale “Network” 1976 If you’re not mad as hell, you’re not paying attention. And even those of you who are mad as hell, too many of you are mad at the wrong people for the wrong reasons. Let me illustrate. Wednesday afternoon I went to school to pick up my daughter. I was waiting on the school lawn with...
Who will be critical of the critic?
It has been a tumultuous two weeks. Let’s review. As a result of poor lending practices in the home mortgage market and particularly egregious practices at mortgage giants Fannie Mae and Freddie Mac, non-performing loans have served to dry up lending capital. This lack of capital is putting the squeeze on individuals and businesses that need ready, affordable access to credit in order to buy cars, houses, inventory and to cover payrolls. In order to...
Frankenstein was the monster’s creator, not the monster.
The beautiful thing about living in a free society is that you get exactly what you want. You want a government that hands out benefits by the truckload? There are politicians that will make that happen for you in return for simply marking a ballot. Do you want to drive a huge vehicle that requires a lot of fuel? No problem. Just buy the car. Want to avoid the muss and fuss of producing the...