State & Lake

This is sad.  Rose Newbrough is 83-years-old and is losing her home in Ramona, California.  Rose has been in her home for 25 years and with her husband (now deceased) raised more than 25 foster children and rescued numerous abandoned animals.
Newbrough is partially blind and suffers from memory loss and confusion.  She refinanced her [...]

I remember when they began building this condo and wondered who could afford these places. Now, it appears building has slowed, probably due to the credit crunch, and the project just sits. There are signs everywhere for purchasing a unit but again, who can afford it?
The condo is located on Lake across from [...]

A few weeks ago I read about 90-year-old Addie Polk, an Ohio woman who shot herself as deputies arrived to foreclose on her home.  Ms. Polk refinanced her home twice — for unusual amounts I might add — and found herself in a place where she could no longer pay her mortgage.  Before shooting herself, [...]

According to Peter Schiff, we’re on the “eve of financial Armageddon.”  Yes, that’s what he said during an interview with Lew Rockwell on the Lew Rockwell show but that was not all he said.
Both Swedish economist Stefan Karlsson and Peter Schiff believe the government has set itself up to swell this unfortunate bailout to well [...]

Turmoil in the Financial System written by Shobhit Mathur gives a good historical rundown on what happened here in the U.S. and its credit market.  Not only does he provide an historical look at what happened, he also provides advice on what one can do to ride out this current financial storm.  As my mother [...]

I know, that title is a bit alarming but it’s true.  Tonight, I tried my best to think of a good way to explain how money exchanges hands and then I found the following video which is the best two hours one can spend learning something about economics. My dilemma was trying to find a [...]

I have not been very interested in blogging lately.  Actually, I have been doing a lot of talking and on some level that’s a good thing.  What have I been talking about?  This bailout.
Quite frankly, I have mixed feelings about this and I know others do as well.  On one hand, there is the fear [...]

Reading a lot of financial articles today and it seems Jonathan Weil over at Bloomberg was able to get his brain around the scam — I mean scheme — in this bail out proposal.
The plan goes like this: Treasury will pay financial institutions above-market prices for garbage assets nobody else wants. Then, through the magic [...]

Glenn Beck[/caption]
Conservative talk show host and host of CNN’s Glen Beck Show has been doing his homework.  It’s hard to look at something, read up on it and then find yourself saying “Holy Crap, we’re screwed!” Yeah, it’s hard but I like seeing where I’m going.
I particularly liked Beck’s commentary today which details his research [...]

Rep. Kaptur (D-Ohio) delivers a beautiful and effective speech.

Obama / McCain[/caption]
I’m sure neither of these candidates wants the job as President of the United States.  They are probably rethinking their strategies because our economy is in the tank.  Clinton inherited Bush I’s mess, Bush II inherited Clinton’s mess and the next president will inherit Bush II’s mess and what a mess it is.
The [...]

I just read The Diversity Recession, or How Affirmative Action Helped Cause the Housing Crisis and though I’m not inclined to believe Affirmative Action caused the housing crisis, I do agree with some parts of this article.
Something experienced by most who are low-income, poor or members of a minority group are predators.  Whenever there is [...]

Peter Schiff[/caption]
I was going to hold off on introducing “Dr. Doom” for a while, particularly after showing him in an earlier video. He’s the guy talking about the American on the island. Actually, Peter Schiff is brutally honest and he is correct. Though he has been given the name “Dr. Doom” he [...]

Uncle Sam: Up Yours![/caption]
Sorry about the image here but it represents what I feel about Uncle Sam and what is about to go down via the legislative proposal from the Treasury Department to Congress.  The proposal has a few sections I find a bit disconcerting particularly having heard a number of people in Washington [...]

Looks like we are about to put a band-aid on a badly hemorrhaging carotid artery.  Sure, it will stop the bleeding now but soon it will burst through that band-aid and the massive stroke, inevitable.  After listening to some of the bobbleheads today, all I could think about was a quote from Abd-Ru-Shin.

“All this has [...]

Remember that line from the film Wall Street?  I’ll never forget it.  The film debuted in 1987 and when I heard the line “Greed is good” uttered by Michael Douglas I immediately thought “oh dear, here we go.”
It used to be art imitated life but over the years life has been imitating art.  Not long [...]

According to Wikipedia, Labor Day originated in 1882 “as the Central Labor Union (of New York City) sought to create “a day off for the working citizens”.  Congress made Labor Day a federal holiday in 1894.  All fifty states have made Labor Day a state holiday.
In keeping with the day, Professor Kim Pearson has penned [...]

As banks explore new ways to nickel and dime us to death in order to stay afloat, our young are beginning to look attractive to these sharks as they make deals with colleges to strap our young in debt.
It took a few courageous older women to “just say no” to Washington Mutual’s strange fee schedule [...]