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I’ve been hearing the term “unintended consequences” alot lately.  Here are some of my most important unintended consequences:  1) The rush to implement the TARP program late last year by the Bush administration has yielded a huge benefit to the big government Obama administration.  They are using the TARP money to hold the bankers hostage http://tinyurl.com/cmol3v 2) Mark to market “adjustments” will kill the Treasury’s PPIP plan.  Congress and their lobbyist friends successfully changed the rules of the game.  They went for the quick fix.  Now it looks like the only investors in the PPIP plan will be some pension plans that (more…)

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Lets say you own a 1988 Dodge Aries K-car.  Its got 157,000 miles on it.  It is pretty banged up – lots of dents, rusting paint and when you start it up, black smoke comes out of the tailpipe.  You would love to sell this but there are not many buyers for Dodge K-cars and they don’t sell often.  You look on Ebay and see one sold about 3 months ago for $1500.  You think this price is way too low – after all, this is one fine automobile (chicks really dig it). Now, you are about to fill out (more…)