Second troubling topic. Croft asked about the recently announced Afghanistan surge & withdrawal strategy. The core reason for the strategy that Obama offered, as I understood him, is that the border region between Afghanistan and … [Read more...]
Spinning the Economy…Today’s News
Market update ...... they are spinning it positive again. Proclaiming the "unofficial" end to the recession... The U.S. economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building … [Read more...]
140 BILLION in holiday bonuses – Wall Street sets new record – with POLL!
Wall Street to set new record with 140 BILLION in holiday bonuses The single largest bonus pool is the 23 Billion Goldman Sachs is paying out. "Given the rules, they earned it," said Peter Siris, an investment manager at Guerrilla Capital … [Read more...]
Elliot Spitzer said – tonight, live – if they are too big to fail, break them up! With Poll
You don't have to take my word for it. Go to: http://today.msnbc.msn.com/id/... Wade through the Mea Culpa about the sex scandal, until you get to "The Sheriff of Wall Street". The funny thing is, I happen to agree. As a … [Read more...]
Bailout and the Banks: Time for Nationalization
I have never been one for protectionism, as the grandson on an Irish Immigrant, I firmly believe in an open door policy, yet like the challenges my grandfather faced the United States can only hold the hope that opportunity offers. Not a … [Read more...]
The Madoff debacle can be a call to a return to core values
In today's Sunday Boston Globe Ideas Section, a rabbi responds in remarkable way to the criminality, greed, and narcissism of Barnard Madoff and his Ponzi scheme. The link to this Op Ed is below the fold. Importantly, research … [Read more...]
Bail Out? Why you ask I say yes and here’s why
What happens when your homes value falls to pre 1980 levels how many owe more then $45,000 on their primary residence what will you say to the bank then? What happens when the unemployment system runs out of money will you the worker … [Read more...]
HERE is the link to the full “Emergency Stablization Act of 2008”
Link: http://www.phoenixrealestategu... This is a 110 page .pdf - a bit longer than the not quite 2 pages that the Bush/Paulsen team lobbed at Congress. Tried to print it out, but my machine jammed and created a wrinkled mess - too … [Read more...]
BMG – lets write that better RESTRUCTURE [not “bailout”] bill together – an OPEN THREAD
OK - Congress has tanked so far. Neither candidate has come up with a plan. How about this: Together WE can. Collectively. Am I serious? You bet I am. For starters, STOP calling what is needed a "bailout" - START calling … [Read more...]
It’s Not a Fiscal Crisis – It’s a Constitutional One
He also argues that giving Paulson this unprecedented dictatorial power over money and finance is a constitutional crisis in and of itself. It is a long post, but well worth the total read. You will feel like you have a bigger grasp of what … [Read more...]