Some People Do Terrible Things for Money
I was going through some of my old ‘saved’ articles on Instapaper when I ran across this one: $150 Million Trust Fund Stolen From Poor Children In Panama, Lawsuit Claims. It’s a bit of a dull read at times because of all of the ‘legalese’ but the point is outlined in the title. Here’s a brief […]
A 40-Year Wish List – What An Outrage!
I was playing a version of the newlywed game the other night with my wife and some friends when a question was asked of my wife in regards to what career I’d most likely end up in given a choice of only four: a policeman, firefighter, EMT or a politician. I knew right away which […]
What The Hell Is Going On In Washington?
I’d really like to know what is going on in Washington. What runs through the minds of our so-called congressmen and congresswomen? Why is it that we’ll pony up $700 billion dollars with just the snap of a finger to help battle a crazy mortgage related mess but we’re too damn poor (or are we […]
The Bailout of Fannie and Freddie: Redux
You may remember the post I published a month ago which was about the government bailout of Fannie Mae and Freddie Mac and what it might mean to us as the American people. I haven’t made it a habit to revisit old posts often because a large amount of my content is focused more on […]
When Will The Bailouts End?
Maybe it’s just me, but these bailouts seem to be happening more and more frequently these days. Six months ago it was Bear Stearns. Just two weeks ago we bailed out Fannie Mae and Freddie Mac. Now, as you’ve undoubtedly heard, the U.S. government has taken it upon itself to bail out American International Group, […]
The Bailout of Fannie and Freddie
The United States of America has officially become a nation of bailouts. With the government takeover of Fannie Mae and Freddie Mac on Sunday, September 7 they have also become the nation’s largest mortgage provider. They now own (or back) around $5-6 trillion in mortgage loans, which is roughtly half of the existing mortgages in […]