Slaying the Subprime Vampires – Reprise
The Backstory Once upon a time, people who wanted to buy a home saved their money, shopped for a house, and then asked a bank to loan them money. If the bank viewed them as a worthy risk, it loaned...
View ArticleJohn McCain: Gambling With Your Future
John McCain is once again rolling the dice for a high-stakes win. Having demonstrated his capacity for self-contradiction at any turn and suffering in the polls as a result of his past positions and...
View ArticleWells, Wachovia and Sweet, Sweet Deals
During the early days of the financial meltdown, the news was that Wells Fargo Bank was set to acquire teetering Wachovia, but those reports were overshadowed by the news that the FDIC had brokered a...
View ArticleFannie Mae’s Rise and Fall
Interesting history of the pressures and difficulties of being Fannie Mae from the New York Times. Shortly after he became chief executive, Mr. Mudd traveled to the California offices of Angelo R....
View ArticleWachovia Snuggles Up to the GOP with 8 Million
Yep, you read it right. Wachovia, the same Wachovia that the Feds tried to force-sell to Citi for $1/share while screwing the shareholders and Wells Fargo Bank, is extending an 8 million dollar loan...
View ArticleCA: Key Propositions Losing, Voter Confidence Lagging
This is excellent news. According to a statewide survey conducted by the Public Policy Institute of California, Propositions 4 (Parental notification before a minor can have an abortion) and...
View ArticleWill Democrats Kill Your 401k?
The short answer is NO. But if you follow news about 401k plans, you might find some pretty scary headlines like this one or this one, where the writers contend that the Democrats want to take away...
View ArticleWhere I tell Tim Rutten to get a 401k education
Tim Rutten’s appallingly ignorant editorial in today’s LA Times is the reason no one should rely upon a single mainstream source for their information. Rutten’s contention that the 401k plan is a...
View ArticleEnough with the AIG feeding frenzy…
I don’t really have time or the brain cells at 1:00 AM to write about the latest AIG feeding frenzy, but I do feel compelled to put something out there to counter the Boston.com article suggesting...
View Article
More Pages to Explore .....