Monthly Archives: October 2008

JP Morgan: We’ll Use Our Bailout Money to Fund Acquisitions

By Patrick | Published: October 26, 2008
This article over at the NY Times highlights why the massive federal bailout isn’t going to do much. http://www.nytimes.com/2008/10/25/business/25nocera.html This “relief” that is soooooooo neccessary will provide strategic capital to fund acquisitions? Are you shitting me? I thought that the money was to take care of toxic assets and provide capital to lend. You know, so we [...]
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Printing New Money

By Patrick | Published: October 1, 2008
We’ve heard that the Treasury is basically just printing money at will these days. Below is a preview of the new $1 bill.
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