Farewell. The Flying Pig Has Left The Building.

Steve Hynd, August 16, 2012

After four years on the Typepad site, eight years total blogging, Newshoggers is closing it's doors today. We've been coasting the last year or so, with many of us moving on to bigger projects (Hey, Eric!) or simply running out of blogging enthusiasm, and it's time to give the old flying pig a rest.

We've done okay over those eight years, although never being quite PC enough to gain wider acceptance from the partisan "party right or wrong" crowds. We like to think we moved political conversations a little, on the ever-present wish to rush to war with Iran, on the need for a real Left that isn't licking corporatist Dem boots every cycle, on America's foreign misadventures in Afghanistan and Iraq. We like to think we made a small difference while writing under that flying pig banner. We did pretty good for a bunch with no ties to big-party apparatuses or think tanks.

Those eight years of blogging will still exist. Because we're ending this typepad account, we've been archiving the typepad blog here. And the original blogger archive is still here. There will still be new content from the old 'hoggers crew too. Ron writes for The Moderate Voice, I post at The Agonist and Eric Martin's lucid foreign policy thoughts can be read at Democracy Arsenal.

I'd like to thank all our regular commenters, readers and the other bloggers who regularly linked to our posts over the years to agree or disagree. You all made writing for 'hoggers an amazingly fun and stimulating experience.

Thank you very much.

Note: This is an archive copy of Newshoggers. Most of the pictures are gone but the words are all here. There may be some occasional new content, John may do some posts and Ron will cross post some of his contributions to The Moderate Voice so check back.


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Monday, July 5, 2010

Recapitalization through ripping us off

By Dave Anderson:


The Obama plan for the banks was to allow them to make a bloody fortune by not actually banking, blow up the bubble a bit more, and hope for things to return to the 2004 to 2007 normal. Matthew Yglesias last summer captured this plan fairly succintly:


One school of thought said that insolvent banks should just be allowed to fail and go into bankruptcy. Another school of thought said that insolvent banks should be seized by the government, recapitalized by the state, and then reprivatized. The administration�s view was that the first approach was irresponsible and the second unnecessary... they took the view that a strategy of regulatory forebearance and loose monetary policy would let the banks recapitalize themselves through profits.

This is why plans to help consumers won't happen. The big people have to screw the little people to make sure they can afford their mistresses. 




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