Evan McKenzie on the rise of private urban governance and the law of homeowner and condominium associations. Contact me at ecmlaw@gmail.com
Sunday, October 26, 2008
Iceland 'Will Need Billions More' - Yahoo! News UK: "Iceland will probably need 'several billion' dollars more in financial assistance even after a proposed $2bn loan from the IMF, its prime minister has admitted."
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My apologies for leaving nations off the bailout list. I think it now goes something like this:
1. Nations (Iceland)
2. Investment banks and major insurance companies (AIG, etc.)
3. Major corporations (auto makers, etc.)
4. Regional banks
5. States (California, Illinois?)
6. Counties (watch Jefferson County, AL)
7. Municipalities
8. Hedge funds
9. Shopping malls
10. Condominium and homeowner associations (FL, per Julio Robaina?)
I don't know where to put the 30% of tax filers who don't pay any federal tax but are getting a so-called "tax credit," meaning free money, according to The One. Is that a bailout or a social welfare check? I'm still collating, as Ash the android said in the movie Alien.
Please offer any amendments to this list that you deem appropriate.
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1 comment:
The money will only go as far as #4 on the list.
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