Posts Tagged ‘ Wall Street ’

News bulletin…news bulletin! As heard on CNN this morning… “The recent economy problems faced by the nation revolve around finances and money!” So-Called Economist Specialist Well there’s no big d’uh there! Imagine that, a financial fall on Wall Street revolving around money. Where did CNN dig this guy up? Sometimes I think news agencies grab anyone they...
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Economics 101 Class Is Now In Session The National Debt Clock near Times Square, New York Wednesday, October 8, 2008 In the midst of the financial tailspin we now find ourselves in, the National Debt Clock in New York City ran out of digits midweek to record the growing figure. As a temporary fix, the dollar sign...
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As the financial crisis continues in the United States, the latest headline which should catch every taxpayers attention goes like this… Federal Government Gives AIG More Money! When will this madness stop? The very government that’s supposed to bring a sense of order to the nation, is doing nothing more than cause panic at every corner....
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AIG Executives Spend $440,000 After Getting Bailout Money! Yes, you read that headline correctly. Shortly after AIG received their big bailout from the government, they went on a spending spree. You remember the buyout right? That’s when the government decided to buy AIG with taxpayer money. In other words, the government now owns the insurance...
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An old parable tells us that the wise man who builds his house on a rock foundation, will hold fast and hold tight when the storms of life come. However, the foolish man who builds on sand will see the house swept away when the storms come. Why? Because the foundation of sand is...
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It’s another new day and of course many are wondering what the markets will do at the sound of the bell today. The fear-mongering in the financial markets continue, along with politicians working the fear angle as well. If we believe what we’re being told, life as we know it will soon collapse. All will...
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It’s time for the Raging Right and the Looney Left To Take A Chill Pill We find ourselves in the midst of, as Robin might say, a market meltdown. Can the Caped Crusader and the Boy Wonder save us? Is anyone else getting tired of all the fear-mongering going on these days? Every time we turn...
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Only in America! Once again the government has stepped in to bail out the rich. Last week they bailed out Fannie Mae and Freddie Mac after investors refused to step up to the plate and help the companies. I addressed that in a post entitled The Government Owns Your House. Now, in the latest financial...
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At a recent fundraiser for a Texas Congressional candidate, President Bush joked about Wall Street being “drunk.” When asked about the struggling economy, President Bush said, “There’s no question about it. Wall Street got drunk. It got drunk and now it’s got a hangover.” He then went on to pose the question, “How long...
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