http://www.nytimes.com/2009/02/10/business/economy/10bailout.html?_r=2&hp

from Today's Times:

"Mr Geithner also expressed concern that too many government controls would discourage private investors from participating."

hmm, know what makes me not want to invest in Corporate America right now? Corporate America. These banks, car companies, ect ran themselves into the ground (some more than others, of course) with little to no government involvement. That they are still fighting to maintain business as usual (excessive compensation, bonuses for nonperformance, private jets) is what makes me avoid them like the plague. What could government possibly do to make it worse? I mean, I know the GOP is trying hard to send the tattered remains of our economy up in smoke with their ridiculous hard-on for tax cuts, but aside from that I tend to think that government might be able to inject a little (gasp) calculability, a little common sense into the economy by putting the brakes on some of our most out of control entrepreneurs. Anyone who can still argue for a totally unrestrained, unfettered market has not been paying attention for the last year. so i say: GIVE IT UP. Accept government intervention where it can be helpful, and we will all work together to do things better from now on? deal?

*whew* i feel slightly better now. daily news fueled rage purged.

"The Federal Reserve and the Bush administration believe the threat of defaults by A.I.G. on a lot of unregulated derivative contracts creates a national emergency. It’s too bad they didn’t think of that when they were opposing any efforts to regulate those markets. That would have been interfering with free enterprise. This move, somehow, is not."

This is from the blog of the New York Times chief financial guy. A) how weird is it that he agrees with me? B) how come when I say it im a crazy leftist who doesnt understand the economy?

*sigh*

http://www.bronxcb8.org/index.php?menuoption=about

Community Board 8 in the bronx has a great website

more info on cb1

http://www.billburg.com/community/board.cfm




There are 59 Community Boards in the City of New York. Brooklyn has 18 and Williamsburg is in Community Board 1 which is the area bounded by Flushing Avenue, north to Newton Creek and the Brooklyn-Queens borderline.

Community Board 1 (CB1) is made up of a group of volunteers (no more than 50 persons) who live, work or have other interests in the area, plus the City Council members serving any part of the area. Like a town hall, public meetings of CB1 are a place where interested citizens discuss community issues, monitor government performance, and advise city agencies on neighborhood matters.

All meetings are held the second Tuesday of the month at:

The Swinging Sixties Senior Center
211 Ainslee Street
(corner of Manhattan Avenue)