Our New Mantra

When inefficiency is rewarded, efficiency gets punished. The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished. The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

When inefficiency is rewarded, efficiency gets punished.
The result is ALWAYS increased inefficiency.

It looks like the Treasury is going to reverse course and dole out some of the TARP/TALF taxpayer money to GM and Chrysler. Chalk up another one for the bad guys.

The market defied the laws of physics and closed higher.

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Haven Trust Bank of Georgia, and Sanderson State Bank of Texas were seized by federal regulators today making them the 24th and 25th bank failures of 2008.