July 1, 2008

Depression Update

I love Starbucks, but it went crazy during the boom, and now is closing 600 stores. That is only the beginning, btw. (Via Drudge)

I don’t love fractional-reserve, Fed-privileged big banks, so when IndyMac goes belly up, I won’t weep. But too bad the banksters and Fedsters will escape scott free. (Thanks to Charles Everett)