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Week of November 9, 2008 - November 15, 2008

Bill Hartung, Bank Holding Company


The news the other day that American Express is reorganizing itself as a bank holding company so it can access federal bailout funds was the last straw.

"What about us?", my wife and I complained. Why should we hold our breath and hope that some of the hundreds of billions allocated for the big institutions that helped get us into this mess in the first place will somehow trickle down to us?

So, we've decided to reorganize ourselves as a bank holding company, the better to access federal bailout funds.

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Obama Week One: Excitement is not Hysteria


According to Anne Applebaum of the Washington Post, the excitement around the world about the election of Barack Obama has reached the point of "mass hysteria." In a piece in today's Washington Post, she says the following:

"Things could get worse, too: Mass hysteria can inspire the world's crazed assassins, as the RFK analogy shows. This subject is borderline taboo, but I don't think I was the only one momentarily gripped by terror when Obama walked on to that stage in Chicago: What if something awful was about to happen? In some of the weirder realms of the Internet, you can already find verses from Nostradamus allegedly predicting that Obama's election heralds the end of the world, and someone out there probably believes them."

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William Hartung

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