Comments on: Evening Links 12-10 Option ARMageddon Tue, 14 Oct 2014 13:06:34 +0000 hourly 1 By: million Fri, 11 Dec 2009 16:40:26 +0000 USAA, GE get the exemptions. as always, the companies with the best/biggest lobbyists get the spoils of regulation. SUCK IT, small business competitors!

“The [exemption] doesn’t mention USAA by name. It refers to any industrial bank—a financial institution regulated by states—owned by a savings-and-loan holding company that ‘predominantly provides financial products and services to current and former members of the military and their families.’ USAA Savings Bank, chartered in Nevada, appears to be the only company meeting that description.”


“A spokesman for USAA didn’t return calls seeking comment. A Treasury spokesman declined to comment on the amendments and the exemptions.”

“Lawmakers wouldn’t identify the lawmaker who requested the exemption.”

of course not. what do you think government is, transparent?

Referring to USAA, House Financial Services Committee Chairman Barney Frank (D., Mass.) said, “There’s no remote prospect of them being a problem.”

just like Fannie and Freddie.

By: Andrew Fri, 11 Dec 2009 14:42:48 +0000 don’t spend your money for a fancy private school advanced degree either. Fancy private school MBA here locally? $80-100k (total cost, not per year). State school? $25-60k, depending on which program and which state school.

By: dearieme Fri, 11 Dec 2009 10:21:20 +0000 “Don’t go into debt to buy that fancy degree from a private school kids. …. Save your money for an advanced degree…”: and so the educational Arms Race continues. Or should that be Harm Race?

By: VK Fri, 11 Dec 2009 07:06:15 +0000 One thing I have to disagree with you on Rolfe is that the US will be as lucky as Japan, the deflationary spiral in the US will be truly epic and devestating, why? Simple really

1) Japan had a large savings buffer, anywhere from 14% to 18%, a stash for a rainy day that the US simply does not have. When it rained in Japan they could use their own umbrella, when it’s raining in the US, they have to ask the Chinese for an umbrella.

2) Japan had a strong global economy to export into, the US is a net importer. Alas the US will not be able to export anything anywhere as there are far too many factories making shoes, clothes, electronics and all sorts of widgets and gadgets around the world. The boom created years of overcapacity if not decades. So the US will fail in that regard.

Eventually the US will go down the way of the Soviets, all centrally planned economies fail eventually as is well known, this is because of falling marginal returns and rising marginal costs due to the misappropriation of capital.

America now has a plethora of Czars and God like Treasury Secretaries and maniacal central planners like Ben Bernanke who seem quite happy blowing large sums of money on hapless projects such as guaranteeing banker bonuses.

So no long, slow depression for America. They’ll be the best at it in the world I say, beat the old Soviets at their own collapse game I say!