Posts Tagged ‘Bailouts’

In which The Gay Recluse spots a remarkably dumb quote and posts it for your entertainment. Ok, so this is from a fairly innocuous Times story about how the post-war “white flight” trend is officially over in New York City, which is obvious enough to anyone who’s lived here for the past decade or so. But whatevs, […]

In which The Gay Recluse becomes increasingly obsessed with birds. For a while after college, we worked watering plants in corporate office buildings in downtown Manhattan. We worked in law firms, investment banks and other companies who generally could be said to rule the world. It was poisonous work to the extent that we were […]

In which The Gay Recluse scores selected opinion pieces in The Times. David Brooks/The Bailout Artists The Short Version: There are reasons why even free-market types should embrace a bailout in the housing crisis. In his words: “It makes sense to try to find some circuit breakers so the housing market doesn’t totally collapse.” Score: A- (Astute) […]

Paul Krugman/The B-Word The Short Version: Bailout! In his words: “As Bear goes, so will go the rest of the financial system.” Score: B+ (Bailout) Krugman predicts more woe for the financial markets, along with an inevitable (and very expensive) buyout. Unfortunately for a lot of people (and U.S. taxpayers), he appears to be right. Roger […]