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...passing a bailout law that actually loosens stuck gears of credit) and the long-term capital gains tax on it is $180 billion, which could buy a lot of crap CDOs. And then perhaps resell them at a profit. If we take that $1.2 trillion as a loss, the government foregoes tax money, because taxpayers will report lower incomes after they write off investment losses. Revenues drop, so the government then has to keep priming the pump by increasing spending, which will really tick off Representative Broun...

Author: /time Magazine | Title: The Bailout Bill: A Cow Patty for All of Us | 9/30/2008 | See Source »

There was a lack of trust, a loss of confidence, a popular revolt...

Author: /time Magazine | Title: The Bailout Defeat: A Political Credibility Crisis | 9/30/2008 | See Source »

...John McCain blamed Barack Obama, Barack Obama blamed - well, you get the picture. Only one player remained relatively restrained in the aftermath of the defeat, which led to a 777-point free fall for the Dow Jones industrial average, the largest single point drop in history, and a market loss of $1.2 trillion. "We're not going to play the finger-pointing blame game, which is what today devolved into," sniffed White House spokesman Tony Fratto...

Author: /time Magazine | Title: Anatomy of a Legislative Meltdown | 9/30/2008 | See Source »

...Harvard fell to Brown, whose mascot is the Bears, whose poop smells so freaking bad. By extension, Brown smells like bear poop. Brown stinks. Logic v. Brown: logic always wins!!!!Let’s start with the worst: Harvard’s ugly 24-22 loss against the aforementioned stinky-dinkies from Providence.Three fumbles, a missed two-point conversion, and a missed extra point after our kicker slipped in front of the ball. Come on, Mother Nature! Come on! Give us a freaking break. You make me feel so bad when you do bad things to non-bad people...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: WALLY WORLD: Backyard Football Cures All That Ails | 9/29/2008 | See Source »

...sure they’re sick of hearing me say ‘Hey, last year, we not only didn’t stop them, we didn’t even slow them down,’” Murphy says of 2007’s 31-28 loss to the Crusaders. “500 plus yards, 30 plus first downs, 30 plus points, those are statistics you don’t normally attribute to a Harvard defense.”And as Friday’s game showed, those statistics certainly will not be attributed...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Young Secondary Tested Early | 9/28/2008 | See Source »

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