A few months back,as part of a Tin Foil Hat Production,I mentioned CIT’s desperate need for funds and the Fed’s decision not to bail them out. Why is this noteworthy? After all,I don’t believe the Fed should bail anybody out. I cheer wildly to see Ford record surprising profits while competing against [...]
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“Government is a necessary evil. And the greater the distance of the government from the effects of their decisions… the more evil government necessarily becomes.” Comments? PS There are no bonus points for Googling the quote. Happy Monday everyone. Sean here,with the “I” news team bringing you a few under-reported items from last week. Stay tuned for the Inspirational,the Inscrutable and the Indefensible. You decide if any of it is Indispensable. The Inspirational:James Krenov died last week. He was an artist,writer and philosopher who left an indelible [...] What would it take for you to walk away from your mortgage? Kenneth Harney,in his column Nation’s Housing,reports on an interesting study recently done by the University of Chicago’s Booth School of Business and Northwestern University’s Kellogg School of Management. This study took a look at homeowner’s attitudes toward mortgage defaults,specifically what’s [...] What a blessing we have in Senator Charles Schumer (D-NY). Last year he single-handedly protected us from having to spend one more day in a world where IndyMac Bank was a viable institution. Now he’s there for us again. Did you know that traditional values were gone? I didn’t. Here I was walking around and [...] I’ve always enjoyed well written television comedy and I’ve wondered lately why I’m not seeing as much. What happened to the writers? Believe it or not,they all moved to DC and are writing for our Congressmen! Oh sure,there’s a dark edge to the lines they write,but it’s classic television comedy just the [...] Do you still wonder whether banks will be nationalized? Does the idea of an auto manufacturer declaring bankruptcy scare you even just a little? Tell me you’re not still engaged in any discussions on whether or not the response to our economic crisis has been a step toward “socialism!”Please,come down off your soap [...] Two excerpts from a local article:Bankruptcy reform could help hard-up homeowners Overwhelmed by debt from credit cards,a $536-a-month truck payment,$8000 in overdue property taxes and two mortgages,the single homeowner is hoping (San Diego bankruptcy attorney) Colwell can remove the $84,000 second loan on his home,which is now worth about $100,000 [...] Did you ever have the feeling something very bad just happened? You can’t quite put your finger on it,but you sense something is wrong. Or worse,there’s that feeling you sometimes get that not only is something bad happening,but someone,somewhere is orchestrating it. Very eerie:the hint of impending doom,the frustration,[...] When I was young,my father taught me a very simple story: A man walks by a big room and sees that it’s chest high in manure. “Quick,”he says “someone get me a shovel. There must be one helluva horse in here somewhere!” Now the message was always clear:don’t be afraid of hard [...] | |||
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