Monthly Archives: May 2010
Presidents Without Borders
Obama pronounced us not defined by our borders and promptly joined Mexican President Felipe Calderon in trashing Arizona for its immigration law. Senator Arlen Specter, now spurned by both democrats and republicans, doesn’t find himself bound by much of anything. At the end of Clinton’s impeachment trial in 1999, Specter relied on Scottish Law to vote “not proved”
E.U. Time to Shine
Yesterday Germany outlawed naked shortselling. I looked it up, it has nothing to do with day trading at home in your underwear. In most short selling you have to borrow the security you are shorting and then return it at the hoped for lower price. With a naked short you don’t even borrow the the security. The euro responded to the new rule by falling to a 4 year low. The E.U. is on the hook for a trillion dollar bailout and Paul Volker says a breakup is possible.
GM Pays You Back
GM paid off its TARP loan with money from its TARP escrow account, then used more of your money to buy ads to brag about it. Nick Gillespie explains on Reason TV.
Diversity
Kathleen Parker noticed that if Kagan is confirmed all three women justices will be from New York.
