Apparently, the government is predicting that it will lose up to three billion dollars in loans made for alternative energy out of a total twenty-four billion dollar program. Sounds pretty bad, right--a loss ratio of 12%, right?
Nope. Actually, only 8.3 billion dollars have been loaned out, so we're predicting about a 35% loss ratio. In short, you'd do better "investing" at the house that Bugsy Siegel built. And in further honor of Mr. Siegel, and in apology for posting a song from Donny Osmond's teen years, here you go.
I Heard It On The NARN - The Declaration of Independence. Give it a read. Here’s my bit linking to Kevin Williamson’s piece on Greece.
4 hours ago