YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Bailout
  • As Mitt Romney Said, ‘Let Detroit Go Bankrupt’

    I never thought I would say it, but the Obama administration has made a wise fiscal policy decision. On Thursday, the City of Detroit, Michigan filed for Chapter 9 bankruptcy on nearly $20 billion of debt. For many years Detroit has been in a state of disheveled disarray and rode the downward spiral to insolvency, …

  • German chancellor “admits defeat” in trying to force private banks to fund EU bailout

    A lot of revolutionary ideas have come out of Europe over the past two centuries.  But would you imagine requiring that any contributions by private banks to the Greece bailout be strictly voluntary would be one of them?  The Guardian reports: Angela Merkel has admitted defeat over Germany‘s plan to force private banks to contribute funds to a …

  • Ireland Can’t Find Their Pot of Gold

    According to Financial Times, Greece won’t the the last to receive some financial assistance from the International Monetary Fund (IMF).  Ireland is seeking a bailout, but this time they can’t handle it themselves. As the first country in Europe to perform a bailout in 2008, Ireland has begun descending through the slippery slope of artificial …

  • Deficit Reduction Commission…Is Bailed Out

    I kid you not. I wish this was a joke:  As the Daily Caller reported today, our government has become so ironic that the very entity responsible for reducing the federal government’s national deficit has been…bailed out. Senate majority leader Harry Reid indicated in a May 28 letter that the commission had complained to him …

  • Drowning in Debt

    Hat tip to Arne Strawe.

  • The GM Bailout

    Here’s a great new cartoon — just for YAL — from freelance illustrator Brian Defferding.  Brian explains: This cartoon is a direct retort to a Mike Thompson cartoon recently ran in the Detroit Free Press, about the “seven dirty words can’t say in Washington” about GM claiming to repay their loan from Uncle Sam.  The …

  • Freedom of Information Act Opens the Fed

    Today, Bloomberg News ran a story on a recent Manhattan Court of Appeals decision that forces the Federal Reserve to discolose information on the financial firms they bailed out in light of the financial crisis. The article states: The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the …

  • Napolitano: Geithner May Face Criminal Charges

    WaPo also reports on Geithner’s troubles: Treasury Secretary Tim Geithner must have felt as if he’d made a wrong turn in the Rayburn House Office Building, and instead of taking a seat before the Committee on Oversight and Government Reform had wound up at the Committee on Insult and Abuse. It was a rare moment …

  • Ron Paul Predicts the Future

    This has been floatin around a lot on Twitter, so I’m not sure where I originally saw it or where to give credit.  Regardless, here’s Ron Paul’s canny prediction from 1982: This conference report is an open-ended guarantee of hyperinflation. . . . Not only is the FDIC given unlimited power to act unilaterally, its …

  • Congress working to deliver bailout for USPS

    From Politico.com: Democrats moved Thursday to give special relief to the financially strapped Postal Service, which would be allowed to defer $4 billion in payments due at the end of this month to cover retirement benefits for its employees. Republicans protested the bailout but made no significant effort to block the provision, which has now …