Some Boxes of Hammers for Jan. 16, 2009
Saving the best for last, here are three items that made me roll my eyes today.
* David Zaring at The Conglomerate reluctantly suggests that we may see nationalization of some major banks soon. I’m afraid he might be right, but it’s amusing that he seems to reach that conclusion partly by sharing Washington’s myopia on the subject:
rumors swirl that BofA and Citibank (which would leave just one do-everthing bank left in the US: JPMorgan, depending on how you feel about Wells Fargo) are both headed for conservatorship
Just one bank? I’ve had a good run as a business customer of
First Union Wachovia Wells Fargo, but it’s hardly the only game in town. Here in Northern Virginia we also have – to name a few – Chevy Chase, BB&T and Community Bank, all of which managed to identify and sidestep the subprime mortgage trap.
* But that’s nothing compared to Richard Lambert of the Financial Times, piously lecturing us on the absolute necessity of more and more band-aid bailouts. Here’s a thought – how about “nationalizing” the subprime mortgages that are causing the credit freeze for a fraction of what all these bailouts are going to cost – hell, are already costing. Anyone? Bueller?
MCFARLAND (WKOW) — Abbie Schubert paid more than $1,100 for a Dell laptop hoping to enroll in online classes at Madison Area Technical College, or MATC.
But something stopped her: she bought an operating system for her computer she never heard of, Ubuntu.
Shades of old-school AOL users, she was convinced she couldn’t get online with her Linux laptop because the Verizon CD wouldn’t run on it. (I can hear Matt’s facepalm all the way down here…)