Results tagged “bailout”

To go with your $100 sandwich, the robots with tits at Svedka present the 700 Billion Dollar Martini:

MIT economist Jiang Wang worries about the government's bailout of bad investments, pointing to the success of past private bailouts and suggesting this matter could have been resolved privately as well. Jiang also wonders if the bailout will falsely improve stock prices, hurting investors' ability to make money off the market's downturn. His final concern is about the distorted effects that the bailout may have on the housing market, distorting home prices even as it reduces foreclosures. What's a consumer to do? There's always the mattress.

According to WGBH, Massachusetts Representatives Michael Capuano and Stephen Lynch will join Emily Rooney tonight on WGBH's Greater Boston at 7-7:30pm on WGBH 2. The Democrats will discuss the Congressional stalemate over the bailout bill, and their opposing perspectives. Capuano, from the eighth congressional district, voted for the bill. Lynch (ninth District) opposed it.