Here's a little video to inspire you. Still not quite sure why any one would argue with the success of TARP, but the rest of it is pretty good.
H/T Instapundit
Thursday, January 7, 2010
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The Conservative Wahoo
The Blog: A compendium of thoughts on politics, world affairs, economics, pop culture and social issues, from the center right perspective of me--Bryan McGrath--a University of Virginia graduate who spent a career in the world's greatest Navy keeping my mouth shut about politics and social issues (ok, publicly keeping it shut). Those days are over! Pull up a chair and chime in where you will. Keep it clean, civil, concise and relevant.
The Fish: The fish is a "coat of arms" for the blog, symbolizing three formative influences in the life of the blog founder. The first is his experience at the University of Virginia--symbolized most importantly by the fish itself, or a caricature of a "Wahoo", the fish we have acquired as an informal nickname. Additionally there is the sword, the sword of a Cavalier. It is not wielded in a threatening manner, as this is a civil blog. But it is there, should it be needed. Thirdly, there is the influence of 21 years in the Navy--symbolized by the anchor on the Wahoo's fin (and again, the sword) . Finally, there is the bowler, tuxedo, and monocle, symbols of a refined, intellectual conservatism, or what I seek to encourage here.
The Policy: I take FULL responsibility for what I write. I will not be held responsible for the content of my comments section--as long as it is civil and passes my own inscrutable sniff tests, it will appear. If the comment offends you, that is on you.
The Fish: The fish is a "coat of arms" for the blog, symbolizing three formative influences in the life of the blog founder. The first is his experience at the University of Virginia--symbolized most importantly by the fish itself, or a caricature of a "Wahoo", the fish we have acquired as an informal nickname. Additionally there is the sword, the sword of a Cavalier. It is not wielded in a threatening manner, as this is a civil blog. But it is there, should it be needed. Thirdly, there is the influence of 21 years in the Navy--symbolized by the anchor on the Wahoo's fin (and again, the sword) . Finally, there is the bowler, tuxedo, and monocle, symbols of a refined, intellectual conservatism, or what I seek to encourage here.
The Policy: I take FULL responsibility for what I write. I will not be held responsible for the content of my comments section--as long as it is civil and passes my own inscrutable sniff tests, it will appear. If the comment offends you, that is on you.
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6 comments:
Take a closer look where the TARP money was actually spent and maybe you'll understand the criticism.
It ain't my job to bail out a bunch of Yalies because they blew the trust fund.
Let's start a fund to get that played on prime time for the next 11 months
Greg--I don't doubt that some of TARP was probably mis-allocated. But I will stand by my assertion that TARP saved the banking system. The whole thing was about to come down on itself, and TARP stopped that.
Well that's what they keep telling us. I actually like the anti-trust laws, if we would just use 'em. If it's too big to fail, it's too big.
For example, Bank of America ( not the Giannini BofA but the present incarnate) started as Bank of North Carolina, N.A. (no idea what N. A. was about). They acquired and bought, bought and acquired until lo and behold Charlotte is the banking capital of America.
Point being they shouldn't have been allowed to expand like they did. As I recall Virginia's Sovran Bank was a hostile takeover back in the early 90's, as was Sun down in Florida.
So, they went from Bank of North Carolina, N.A to North Carolina National Bank (NCNB) to NationsBank to Bank of America...and now they're too big to fail.
But that's a different story--GWB, Beranke and Paulson couldn't turn back the clocks and re-create the Bank of North Carolina. The system was as it was, and it was ready to tank. Should we be circumspect about "too big to fail" going forward? Perhaps. But looking at it that way from the rear-view mirror would have resulted in a deep depression.
Interesting that apparently YouTube management has been up to some shenanigans with this video. See http://hillbuzz.org/2010/01/03/america-rising-video-an-open-letter-to-democrats/ (with apologies for linking you to a pro-Hillary site. I thought it stood for Capitol Hill Buzz. But the complaints about the libs at You Tube would then have even more credibility coming from someone who supports "Hill".
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