EconInvestor

Whatever happened to the “Rule of Law”? In the BP case, one wonders. Playing Politics vs. Fighting the Spill.  Here’s the Wall Street Journal take on the escrow fund: Claims Fund Offers Shield From Suits.

Taking a trillion dollars and burning it won’t get the country out of a recession.  Of course the “stimulus” is more than a trillion, but you get the idea. What matters is not how much money is spent to stimulate the economy, it is how it is spent – or better yet, how it is not spent.

Here are 10 Scary Charts – and I’m not talking Halloween!

We also have Bernanke Testimony Indicates Fed Still in Denial. Unfortunately, while Bernanke professes to understand the Great Depression, he is making some of the same mistakes. This will be the topic for a much longer blog.

In meantime, the full employment act for lawyers continues with More Than 6,000 Lawsuits Filed Against BP.  Who do you think is going to collect the most money from the BP spill: the average lawyer or the average complainant? Just wondering…

BP gives a block grant of $25 million to the state of Louisiana. You would think that all the money would go to the clean-up. Instead, $5 million goes to the Louisiana State Attorney General to sue BP. That’s right, clean-up money going to pay lawyers’ fees.

Here is the article: http://www.katc.com/news/attorney-general-is-getting-5-million-from-bp-grant/