banks

I agree its high time North Carolina removes all of its money from Bank of America. Their predatory lending and collection processes are the problem with economic recovery and not the solution. Many smaller banks would benefit by NC taking this action. The few thousand jobs lost in Charlotte,NC would be a small price to pay for the millions of North Carolinians whose lives would be positively impacted by a more equal distribution of funds. Not to mention using banks that are more "people" friendly. The state of New Mexico removed I believe approximately 1.38 billion from Bank of A. I encourage all to contact Governor Perdue and ask this of her....

John Hood says we shouldn’t fix broken things, because we could buy new things instead of fixing broken things which still stimulates the economy, but just in a different way. Got all that?

Of course, hasn’t Hood always encouraged restrained government spending in the name of opportunity cost budgeting? Well, no.

However, if his column doesn’t make sense, it doesn’t matter. You’re just supposed to think he’s smart because he cites Keynes and Bastiat.

Blather available here

Erik Sorenson fears a class war that the rich won’t win. Even though he does frown on a $37,000 toilet, he’s frightened that $100,000 in salary just isn’t enough. I wonder what the janitors at MSNBC made when he led the company.

Comfort poor little rich boy here

One thing to wonder in the unraveling of the mortgage crisis story is how this will effect North Carolina, a state which has a huge banking industry due to its unique laws allowing banks to avoid taxes by plowing profits into local government bonds.

This is an analysis left to much smarter people than me, but I'm wondering how this will play out. Any economists out there with some ideas of what we'll see?

According to a recent Business Week
article, North Carolina's progressive protection laws for borrowers may become a nationwide model.