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Lance Armstrong Ponders Buying the Tour de France

Yeah … this one isn’t an April Fool’s joke … from the Wall Street Journal, March 27, 2009.

Lance Armstrong Ponders Buying the Tour de France in Bid to Run Pro Cycling – WSJ.com

Lance’s Plan for France — Off the Bike Seeking to Overhaul Cycling, Armstrong Played a Part in Talks to Buy the [...]

‘Bad Bank’ Funding

‘Bad Bank’ Funding Plan Starts to Get Fleshed Out – WSJ.com

WASHINGTON — The Obama administration, filling in some of the blanks in its bank bailout, is considering creating multiple investment funds to purchase the bad loans and other distressed assets that lie at the heart of the financial crisis, according to people familiar with [...]

Details, please!

Geithner Sets Out Sweeping Overhaul to Bank Bailout – NYTimes.com

WASHINGTON — The White House plan to rescue the nation’s financial system, announced on Tuesday by Timothy F. Geithner, the Treasury secretary, is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the [...]

Porn industry seeks federal bailout

CNN Political Ticker: Porn industry seeks federal bailout

WASHINGTON CNN — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.

“The [...]

Senate Plan bails out cyclists (sort of)

If for no other reason, the revised bailout plan (Adobe PDF), currently being considered by the Senate, should be passed because of the following passages:

SEC. 211. TRANSPORTATION FRINGE BENEFIT TO BICYCLE COMMUTERS.

(a)  IN GENERAL.—Paragraph (1) of section 132(f) is amended by adding at the end the following: “(D) Any qualified bicycle commuting reimbursement.”.

[...]

The aftermath …

Perhaps this plan will make Art a little happier … but I’d like to read the actual text of the bill before I make any judgments.

Democrats offer alternative ‘no bailouts act’ – CNN.com

WASHINGTON (CNN) — A small group of Democratic House members put together an alternative to the $700 billion financial bailout measure [...]

At what cost, “NO”?

Without a Bailout Plan, What Will the Cost Be? – TIME

By voting down the proposed $700 billion financial bailout package — and causing a spectacular stock market rout — a majority of members in the House of Representatives made a clear statement that they didn’t want to put taxpayers on the hook for the [...]

Bailout 101 (or how to mismarket a bill)

As I’m sure you’re all aware, the House of Representatives voted down the Emergency Economic Stabilization Act of 2008 (H.R. 3997) today.

People have no idea how screwed we are if the EESA 2008 doesn’t get passed.

“Bailout” was the worst marketing technique anyone could have chosen. The plan is not a taxpayer bailout of [...]

Bailout fails in House.

This nation’s economy is fucked … Republicans created this mess, Republicans came up with a solution to this mess, and yet Republicans are refusing to fix this mess, even though almost every thing the members of the House that revolted asked for was included in the bill being presented and voted.

What are they thinking?

[...]

Text of EESA 2008

Finally, the text of the proposed Emergency Economic Stabilization Act of 2008 (Adobe PDF) has been released.

Summary as follows:

The $700 billion would be disbursed in stages, with $250 billion made available immediately for the Treasury’s use. Curbs will be placed on the compensation of executives at companies that sell mortgage assets to Treasury. [...]