fed: Scorecard on the Economy
- 10/09/08 02:08 PM
What grades would you give: - Henry Paulson, for forthrightness and foresight? - Ben Bernanke, for leadership and ability? - Nancy Pelosi for honesty and ethics? - Henry Waxman for integrity and values?
I am doing a straw poll on this, and am interested in your take on thinigs. My best to you all, Lou Farris … (1 comments)
fed: We Have a New Design for Our Currency
- 10/09/08 01:12 PM
With paulson and Bernanke at the wheel is it any wonder we should also have a new design on the currency, too?
Ohh, and as a reminder, Bill Clinton pushed 8 years very hard to make evefry American a homeowner, which is part of the reason for the mess we're in. … (0 comments)
fed: Bailout Blues - Have You Seen The Dow Today?
- 10/06/08 04:13 AM
The bailout passed, and look at the good it did. The markets opened another 500 pints loawer, and continued to take a nose dive. Is there something I have missed? Wasn't the bailout supposed to shore up the economy and restore market stabililty? Forgive me if I am skeptical, but so far I can see a return to 1987 levels for the Dow. In fact I have been saying the market would make a major correction for the last couple of years. Sadly, we are approaching the 9500 level I thought we would floor at. however, it looks like confidience is … (0 comments)
fed: The Voters Were Heard - NOW WHAT???
- 09/29/08 10:15 AM
The measure to rescue private industry was defeated. There are a lot of emotions around this issue, to be sure, and these are running high. We are in an election year, and this further exascerbates the issue. The leaders in the House and Senate showed their true colors today, and although the measure was defeated, they had to admit that the plan that was presented was not a sound or truly workable plan. The Fed, and Treasury DO NOT need such overarching power, and we do not need socialism in the country anyway. The Constitution guarantess that our RIGHT, to pursue … (0 comments)
fed: Should Fannie and Freddie be Bailed Out?
- 09/08/08 07:09 AM
Just Like the boy whocreid wolf, banks and investmetn firms are crying "Baiolout!" and they are crying loudly. The Fed is listening, and instead of asking "Why jump?," whne the banks tell them to do so, is saying, "HOW HIGH?" the truth is this jump call, isn' tjust being made by Fannie Mae. It's "kissin' cousin" Freddie Mac who seems no less bent on getting some of that "free" Treasury money. Yep, the Fed, which is not a government entity, but a private banking corporation is behaving like United Airlines, and Bear Stearns Who now have their platinum parachute firmly and … (2 comments)
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