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Ales Rarus
A Rare Bird, A Strange Duck, One Funky Blog
random thought of the moment:
I have said that the Declaration of Independence is the ring-bolt to the chain of your nation’s destiny; so, indeed, I regard it. The principles contained in that instrument are saving principles. Stand by those principles, be true to them on all occasions, in all places, against all foes, and at whatever cost.
— , Speech given at Rochester, New York [July 5, 1852]
credit
Thoughts on the Bailout and Credit Cards
Unsurprisingly enough, credit card defaults are on the rise. This industry is marked by less oversight and more shadiness than the mortgage industry, which is saying something. Now American Express is asking for a government handout, since AMEX depends on banks’ buying securities backed by credit card debt in order to make money. Banks, of […]
