Monthly Archives: September 2008

Commentary: Bankruptcy, not bailout, is the right answer – CNN.com

http://edition.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html

“Commentary: Bankruptcy, not bailout, is the right answer”

Commentary on the 700 billion bailut and why it’s a bad idea.

The author blames the bad mortgages of Fannie Mae and Freddie Mac, which are indeed responsible for the current crisis, but the problem runs deeper than that, and in my opinion lies in the very way in which banks have been allowed to lend money with an ever increasing difference in the asset / loan ratio and their move away from responsible asset-based lending – yes a bank can repossess a house if necessary, but who the hell can buy them in a recession?

Angels Hunter says MLBs homer dip result of steroid testing – MLB – ESPN

http://sports.espn.go.com/mlb/news/story?id=3615818

Home runs in the major leagues dropped this year to their lowest level since 1993, and Angels center fielder Torii Hunter thinks he might know why.

“I think the steroid testing has something to do with it,” he said. “If there were any guys who were taking it, they’re not taking it anymore. I’d say it’s a small percentage, but of course it’s going to have an impact.”