The lesson of Ireland

In the NY Times today, Paul Krugman does a good job of explaining why Ireland is in deep trouble.  Unfortunately, Mr. Krugman draws the wrong conclusions from the Irish experience – he thinks we need to nationalize banks, when the lesson to learn is to not bailout private banks. Mr. Krugman says Last September Ireland […]

Another Bailout for AIG

Looks like $150 billion wasn’t enough to stop the bleeding at AIG – we’re getting ready to give them more money.  According to Reuters AIG is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be the biggest loss in a quarter […]

What do great investors say?

I listen to the Dave Ramsey show everyday – well, as much of it as I can while driving home from work.  Dave is a smart, common sense guy, and he says a ton of stuff that I agree with wholeheartedly.  You will not go wrong if you follow his advice, and I strongly urge […]

You should pay my mortgage

I was reading a story on CNN tonight. It was one of those stories that made me bang my head up against the wall because it feels so good when I stop. I’m going to quote a bit of the story so you can see what pissed me off. Take Joe Martinez of Bristow, Va., […]

Bernanke says “So far – so good”

WTF is Bernanke smoking?  Is “Helicopter” Ben Bernanke looking at the papers – or using them for rolling papers? According to a story on MarketWatch, Bernanke is quoted as saying “We have been encouraged by the responses to these programs” and “I think the actions that were taken prevented a much-worse situation — a meltdown […]