FUBAR

The whole world is laughing…at us

Do you know what a credit default swap is? Neither does Wall Street apparently, even though the investment banks and brokerages sliced and diced them, traded them, loaded down their customers with them and — who knows? — perhaps converted them into nutritious, high fiber snacks and sold them to the public schools.

The Detroit Lions and the Wall Street crisis

When it comes to sports teams, I’ve always been cursed with a severe case of monogamy. For example, even though I’ve lived in the Denver area for nearly two decades now, and one of the NFL’s best-run and most successful franchises is just around the corner, I’m stuck rooting for the team of my childhood affections, the indescribably awful Detroit Lions.

Socialism for feckless capitalists

On behalf of the National Society for Creative Irresponsibility, of which I am a charter member, I wish to congratulate the Bush administration for the projected $700 billion bailout of the Wall Street wheeler-dealer community.

Perhaps sexism does pay

Does sexism pay? One study out this week says "yes," especially when the ones falling behind in the pay gap are so-called egalitarian men.

Too much urgency, too few specifics

The rollout of the proposed $700 billion bailout package was accompanied by all of the least attractive characteristics of the Bush administration in action.

The package was sprung on Congress and the public suddenly and over a weekend and with a bare minimum of details. The initial proposal, vesting immense powers in Treasury secretary Henry Paulson, was only three pages.

Caution needed on financial bailouts

There is no way Congress is going to go home to the voters at the end of this month and be open to the charge that they did nothing about the financial meltdown in the credit markets.

Moms need government protection too

Ironically, Betsy Hart’s column entitled, "Government doesn’t need to bail out working moms" was released on Thursday, at the very moment that the government was bailing out Wall Street, giving AIG access to possibly more than $85 billion in taxpayer dollars.

Time for less talk, more action

The extended Wall Street turmoil resulting from the housing and subprime lending crisis contains major challenges, reinforced by the current media propensity for scare headlines and alarmist editorials.

Political leaders have helped to feed public anxiety.

Can Uncle Sam save us from ourselves?

America’s financial crisis is a political crisis, too. In the course of just 10 days, the Federal Reserve propped up ailing mortgage giants Freddie Mae and Fannie Mac, refused to bail out the investment bank Lehman Brothers and balked at aiding mega-insurer AIG before coming through with a $85 billion loan in exchange for an 80 percent stake.

The high cost of pursuing happiness

Everyone has a right to own a home whether they can afford it or not. It says so in the Constitution — well, actually the Declaration of Independence in the part about inalienable rights like the "pursuit of happiness."

Politicians have been selling us on that privilege nearly since the Founder’s wrote it all down. All they charged us was our vote.