Graham Collections

Here is an editorial by the Editors at National Review with which I am in substantial agreement.
“… If the crunch that Paulson and Bernanke are warning about comes, it will squeeze off credit — the very lifeblood of capitalism — to businesses, entrepreneurs, and consumers all around the country. The Paulson plan is an intervention designed [...]

The House has voted down the compromise bill to stimulate the economy by buying bad loans from dietressed corporations. The Paulson plan, modified to include some things wanted by the Republicans in the house, was defeated with large numbers of both Democrats and Republicans voting no.
I am not sure that I am unhappy about this, [...]

Proverbs 29:18 ¶ Where there is no vision, the people perish: but he that keepeth the law, happy is he.
2 Cor 12:12:1 ¶ It is not expedient for me doubtless to glory. I will come to visions and revelations of the Lord.
John 16:13 Howbeit when he, the Spirit of truth, is come, he will guide [...]

Our God is the one who made everything, and the one who made it all can make the rules. he has chosen the way which will last for eternity. Man’s ideas will just mess it up. When God is your provider it doesn’t matter what the circumstances are.
The gospel is not one of material things, [...]

Larry Kudlow posts at National Review on where we are now. He makes the point noted here earlier that what the treasury buys will have value, and may even net a profit, he also points out what the House Republicans are doing.
Another point: Republican leader Eric Cantor has an excellent idea for a federal bond [...]

There are two competeing interests on capitol hill today. Those who want to get this crisis fixed correctly and those who want a plan to look good. The President wants to fix the problem, but he cannot write the bill, that has to be written by the congress and it is controlled by the same [...]

I had to point to one more article I just read on the current crisis, David Warren says,
“Any reader who has followed me for some time will guess that I am appalled by the (purported) $700 billion bailout that U.S. President George W. Bush and Treasury Secretary Henry Paulson have organized, yet cannot reasonably oppose it at [...]

Here is an article where Andy Kessler thinks the Fed will make money on the deal as proposed.
You can slice the numbers a lot of different ways. My calculations, which assume 50% impairment on subprime loans, suggest it is possible, all in, for this portfolio to generate between $1 trillion and $2.2 trillion — the greatest trade [...]

Last year I read a book by Amity Shlaes, The Forgotten Man. This is a fascinating history of the Great Depression, and one that everyone who is worried we are headed for another Great Depression should read. Her premise, and I believe clearly true is that the policies of the US Goverment in the 1930’s [...]

Live blogging…
Thank you for the fire of the Holy Spirit.
Be willing to go over into a place where sickness and disease do not have power over you.
If you agree with things opposed to God, you open yourself up for destruction.
Jesus said, come and learn of me, take my servitude of meekness and lowliness upon you. [...]