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we still remember mitch hedberg

A severed foot is the ultimate stocking stuffer.

Archive for October, 2008

Oct 1st 2008

I’m with Jeffrey Miron on the $700,000,000,000.00 Bailout

The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get wiped out and the creditors own the company.
Bankruptcy does not mean the company disappears; it is just owned by someone new (as has occurred with several airlines). Bankruptcy punishes those who took excessive risks while […]