financial crisis: Do you REALLY understand who is to blame for Fannie and Freddie?
- 10/04/08 03:51 PM
It's a simple enough question and yet somehow in the mix, the reality of what took place has been lost. It's been lost in the mix and the American people seem to have no idea. Those of you truly interested will I am sure click the play button on this video. Those of you who don't care or are happy with the blame being put at the Presidents' door will ignore this completely. Truly, the second group I don't care about. The truth doesn't matter to them on any level and so this is not for them. The … (31 comments)
financial crisis: What's in the "We're All Going To Die Avoidance Bill of 2008"?
- 10/02/08 08:40 AM
Phew!!!! Those really nice people sitting in the United States Senate saved us last night. I mean all the dire warnings of the earth opening up and swalling us all if we didn't spend $700 billion. I don't know about you, but that was a close run thing. Anyway, it would seem that a few other items slipped through as well as saving the world and i thought it might be useful to look at them. Section 325 provides tax breaks for the wool research fund. Hmm... What exactly don't we know about wool? Makes nice clothes, hard to swallow. Section … (13 comments)
financial crisis: Bend over America!
- 10/01/08 04:17 PM
So far the market doesn't like it with futures showing losses across the board. That to me is minor as I feel we have slipped through the looking glass today. I tried to contact both Florida Senators this morning. The Republican one had a full mail box. The Democrat one had a constantly busy line. I e-mailed them both. And much to my surprise tonight it was the Democrat Bill Nelson who voted "NO" while the Republican Mel Martinez who voted to put you and me on the hook for the criminal goings on that have created this crisis. So while … (14 comments)
financial crisis: Why should we trust these lying fools?
- 09/30/08 04:42 AM
The current crisis has been a long time coming. There is a fundamental disconnect between the people and our so-called leaders. Simply stated, we do not trust them. It started with Nixon. The lies. The garbage. The promises. And it has carried through both parties in Congress and in the White House. Right now in Florida with have Ric Keller. Eight years ago he publicly signed a term limit pledge stating he would not serve longer than eight years. He received tremendous backing from the organization that promotes term limits and of course now he has gone back on that … (14 comments)
financial crisis: House rejects bailout. Stocks plumet!
- 09/29/08 07:09 AM
Despite urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive into recession without it, the House rejected the $700b bail out just a few moments ago by a big 228-205 vote. The immediate reaction on Wall Street was a nose dive. According to AP just moments ago, The Federal Reserve declined to comment on the market's decline. With Wall Street in turmoil, the yield on the 3-month Treasury bill fell to 0.32 percent from 0.87 percent on Friday. That showed that investors were prepared to get meager returns on an investment as long as … (21 comments)
financial crisis: AN OPEN LETTER TO SENATORS McCAIN AND OBAMA
- 09/26/08 01:53 AM
Where is the leader? Our nation is in crisis and in less than 40 days we will be voting for a new President. Whichever one of the two you think you are supporting, surely there must be one thing we all agree on. We need a leader! But we have a situation right now that almost defies belief.We have Obama saying "you want a President that can do more than one thing at a time", but right now we have the financial equivalent of missiles flying over the polar ice caps. Guess what Senator? When the missiles are flying I want … (19 comments)
financial crisis: The Solution to the financial crisis - at the bargain price of $59.5bn!
- 09/24/08 03:11 PM
It's hard to believe that me of all people is blogging about this, but something came across my desk today that in the changed circumstances we find ourselves in makes perfect sense. Mortgages would be paid off; stagnant real estate would be bought up; the economy would receive a boost the likes of which it has never seen before and Americans would actually start to save money! So first of all forget about socialism and remember we are the home of democratic capitalism. A cornerstone of that is smaller Government and low taxes. Once we forget who we are then there … (24 comments)
financial crisis: Bush and Congress negotiating $700b bailout cash
- 09/20/08 02:16 PM
It would seem that our Government has decided to dispense with capitalism and embrace socialism - public ownership if you will - as they work through the weekend to agree a deal for $700b of taxpayer money to bail out failing financial institutions. In fact the exact language gives Washington broad authority to purchase bad mortgage-related assets from U.S. financial institutions for the next two years. Seems like a great deal for you and me. Let's spend $700b we don't have on BAD ASSETS. I believe we have slipped through the looking glass and although when I woke up this morning I was … (36 comments)
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It's a simple enough question and yet somehow in the mix, the reality of what took place has been lost. It's been lost in the mix and the American people seem to have no idea. 
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