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Entries tagged with 'Economic crisis'We have to prop up big banksRe: "Failure should be an option -- But don't limit the size of financial institutions, says Jamie Dimon," Monday Viewpoints. Dimon, chairman and chief executive of J.P. Morgan Chase, argues against capping the size of financial services institutions, citing the... Evaluating Barack ObamaAt the one-year mark since President Barack Obama's election, the results speak for themselves. I survived four years of the Jimmy Carter presidency and the second four years of George W. Bush, but I am prepared to make an early... Leading Questions for Sunday, June 14Step right up -- send us your Leading Questions for Sunday publication (in the print edition, that is.) A Leading Question is a question of a philosophical nature -- we're not really looking for answers, just to provoke thought. Here... Probing financial crisisRe: "Regulatory Meltdown -- Who's to blame? Congress can't tell us," Tuesday Editorials. I couldn't agree more on the need for a bipartisan 9/11 commission-type investigation into the breakdown of our country's financial system. I introduced a bill, HR 2111,... Who's to blame for regulatory meltdown?That was the topic of today's editorial that I wrote, and we got a nice response from U.S. Rep. Michael Burgess' office. Here it is. Look for a Letter to the Editor from the congressman later this week.... Many 401(k)s not guaranteedRe: "Bankruptcy surge hurts U.S. pension insurer -- With $33.5B shortfall, PBGC says funds OK; auto woes are concern," Thursday news story. In the table with the story, under, "PBGC does not guarantee," you failed to mention the most important... Why we'll all be driving FordsRe: "Buyers gain as dealers cut loose -- 44,000 bargains sit on Chrysler lots with just a few weeks to be sold," Monday Business. Finally, someone in business is experiencing humility for excesses. Unfortunately, the corporate rationing of GM and... Banks doing their partWhen the daily headlines seem like a constant stream of bad news, it's only natural to seek answers for the causes of the financial crisis. But we must not get sidetracked from taking necessary steps that will put us on... 'Innovation' caused credit crisisRe: "Let credit card issuers alone," by John L. Lauer, Tuesday Letters. Lauer repeats the claim that the financial crisis was caused by the government forcing banks to grant mortgages to home buyers who were not creditworthy. This particular claim... Jettison this plan at warp speedRe: "Federal deficit to top $1.8 trillion -- Government will have to borrow 46 cents for every dollar it spends," Tuesday news story. In Star Trek parlance, Main Street may be forced to initiate a saucer separation from Wall Street,... Sounding Off: See any positive economic signs out there?We asked our Sounding Off list members: Of course, times are bad, but what positive signs or silver linings do you see in your local economy? If the spirit moves you, feel free to respond to this question in the... Weeping for billionaires' lossesRe: "Even billionaires feel the blues -- Downturn shrinks fortunes of Dallas' super rich, has some juggling debt," Monday news story. I feel so sad for the rough times billionaires are going through in our economy. They won't be able... Sounding Off: When will you spend again?We asked our Sounding Off list members outside of Dallas: What signs of economic turnaround do you want to see before you feel comfortable spending more money? If the spirit moves you, feel free to respond to this question in... Taxpayers stuck with the billRe: "Capitalism without capitalists -- Why does Geithner have to bribe investors to take risks? wonders Daniel Gross," Sunday Points. I wish I thought Daniel Gross was correct in suspecting that Wall Street has lost its nerve. It seems more... On the economy: The AIG conundrumIf the taxpayers own AIG (Always in Greed), and the executives from AIG who paid themselves those nice bonuses are also taxpayers, does that mean they own AIG, too? Maybe that's the problem. Polly Cooper, Dallas Congress, feel the pain... We can't trust corporationsRe: "IBM to lay off 5,000 in U.S. despite profits -- Positions in global business services group are expected to be transferred to India," Thursday Business. Even in light of $4.42 billion in fourth-quarter earnings, IBM has decided to send... Hands off worked for ReaganWhen Ronald Reagan was elected president after the disaster of Jimmy Carter, the economy was a lot worse than it is today, despite the rhetoric out of the White House and Congress. But, because of Reagan's policies, we had a... Pay attention to jobs at homeRe: "Six years in Iraq -- Iraqis have made ample political progress; now they need leader who can deliver, says Trudy Rubin," Friday Viewpoints. Trudy Rubin states that Iraqis "are desperate for officials who are less corrupt and can deliver... It's not us, it's THEMMichael Lewis, on the culture of blame: As the financial crisis has evolved its moral has been simplified, grotesquely. In the beginning this crisis was messy. Wall Street financiers behaved horribly but so did ordinary Americans. Millions of people borrowed... Would you catch flying money?Re: "With money to invest, I'd be rich," by Ron Lowe, Tuesday Letters. I feel a point needs to be made. The financial problems we face could be better understood in the following situation: Let's say Ron sells hats. He... |