So you know how the Fed “bailed out” AIG with $80+ billion and now everything is okay? Right, it’s not okay at all. The $80+ billion allows the failed insurance giant an “orderly liquidation” of its assets. AIG is done. That is just one of the reasons why the markets continue to collapse today — the Dow’s down 240 at the moment, or 2.16%, the NASDAQ’s down 3.2%, and the S&P 500 is down by 3%. Oh, and the last remaining American investment houses took huge hits, again. Morgan Stanley dropped by thirty-freakin’-seven percent, this morning, and Goldman Sachs fell more than 20%. But what’s the bad news? MORE »

Hillary Clinton is afraid that Americans are going to start prancing around in knee socks and filming radioactive giant lizard-based horror films, now that we are sinking into a “Japanese-style malaise.” But these terrible tragedies can be avoided if we resort to crazy nanny state policies like having the Federal Housing Administration purchase underwater mortgages. MORE »