Minggu, 03 April 2011

How to Insure Your Home and Excel Sheet of All Banks Using Fed Discount Window Between March 08-09

Not much news today, figure I would post some helpful resources.  Upon looking at Japan and the coming nationalization of TEPCO, it is clear that the government, through monetary guarantee of disasters, provides the impetus for many to not engage in the proper risk assessment needed when purchasing a home.  Robert Wenzel has a great post on this.  If you want a great article on the best way to insure your home, check out this Wall Street Journal article.

Zerohedge has posted a link to an excellent excel sheet showing all the banks that borrowed from the Fed's discount window from March 2008-2009.  Give it some time to load if you open it.

Did You Know that the Republicans continued attempts at deficit cutting are getting increasingly pathetic.  From the Yahoo:

GOP 2012 Budget to Make $4 Trillion-Plus in Cuts

WASHINGTON – The House Republican chairman who's writing a 2012 budget says the GOP will propose cutting more than $4 trillion over the next decade.
The head of the House Budget Committee, Rep. Paul Ryan, says President Barack Obama is "punting on the budget and not doing a thing to prevent a debt crisis."
Ryan tells "Fox News Sunday" that GOP budget-writers are looking at cutting $4 trillion-plus in spending over the next decade. That's more than even what the president's deficit commission recommended.
What the hell happened to Rand Paul's proposal?  Ryan, Boehner, Cantor and the rest just don't get it.

Update- Krugman acknowledges the truth about unemployment and George Will nails it on This Week this morning:

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