Do as I say, not as I do.

So it looks like the government has gotten concessions out of private banks in regards to outstanding mortgage balances. According to USA Today  the settlement requires the five leading mortgage servicers to forgive at least $10 billion in principal that homeowners owe on mortgages. That will help underwater borrowers who owe more on their mortgages […]

American Fear

Just saw this in today’s Daily Reckoning and wanted to pass it on.  It’s called American Fear and it makes you think.  Here’s an excerpt: I challenge everyone to ask themselves: when was the last time you even thought about the possibility you might be robbed, your house broken into or shot at? Can you […]

Obama’s budget cuts

The NY Times is reporting that President Obama is proposing about $17 billion in budget cuts for the next year.  As the NY Times puts it the proposed cuts represent about 1.4 percent of the $1.2 trillion deficit that is projected for the fiscal year 2010. I’ll put it more bluntly – these cuts are […]

GM grabs another $5 billion

According to Reuters, GM has managed to grab another $5 billion in US tax dollars today.  And the UAW is whining that they aren’t being treated fairly. “We need President (Barack) Obama and his auto task force to stand up for the interests of workers and retirees in these restructuring negotiations,” the union said in […]

Ron Paul on Gold

Sometimes when I get an idea about something to post, I find that someone has said it infinitely better than I could. This is one of those times.  Read this from Ron Paul – which I copied from a DailyReckoning.com email unashamedly because they took it from Paul’s website.  🙂 There’s a link to it […]

How to blow $787 billion – American Recovery and Reinvestment Act of 2009

In perusing the Recovery.gov site, I found some interesting things.  It doesn’t say anything, but it has a link, to a link where you can read the whole text of the bill.  You can click 4 times through the various websites and messages to get there, but eventually you wind up here. (One click, I […]