Warren Buffett releases 2008 letter

This is a must read for anyone interested in the economy or investing.  Warren Buffett dispenses common sense in large quantities, and he’s especially good at learning from his mistakes – to which he freely admits.  I haven’t had a chance to read it yet, and I’ll be interested to see what he says about […]

Over half of modified mortgages default again within 6 months

Just another example of bailouts that don’t work. MarketWatch says  A study looking at loans that were modified in the first three months of 2008 showed that 37% of borrowers were more than 30 days behind on their payment within three months, and 55% had re-defaulted within six months¸ said Grovetta Gardineer, a managing director […]

Financial Bailout Plan

This needs to be read by more people, so more people can contact congress to let them know what they think of it.  I’ll post the reasons for my own thoughts later (I think it sucks!) but for now, here’s the text of the proposed plan according to the NY TImes.  Please read it and […]

Big oil subsidies

I received some rather heated emails in response to a post I made on a wind energy forum.   In the post, I gave my response to a (rather lengthy) post calling for government mandated alternative energy goals, subsidies for alternative energy, mandatory replacement projects, and in general complaining that their pet project/business wasn’t being paid for with tax money […]