September 2008

Foreclosure Rescue Scams – Coming to your Neighborhood

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It seems that wherever there is an easy buck to be made (or stolen in this case) scam artists are on the prowl catching unsuspecting victims in their deceitful webs of misinformation. Earlier this year the biggest scams being perpetuated were around the IRS stimulus checks. Now with the housing slump and resultant spike in [...]

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$700 Billion Bailout bill fails to pass – Dow down 700 points

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In an unfortunate symmetry of events the Dow swooned more than 700 points as the $700 billion bailout bill failed to pass in the House of Representatives. There were rumors that trading on the NYSE would be halted due to preset triggers for preventing a stock market collapse. Analysts and market watchers were stunned at [...]

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Alternatives to the $700 billion financial bailout

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Despite all the politicking this week, it looks like a bipartisan deal on the $700 billion bailout package (now titled the Emergency Economic Stabilization Act of 2008) has been reached. In the revised approach the government immediately provides $250 billion to start buying the MBS and CDO clogging up the credit markets. Another $100 billion [...]

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The week that was: Luxury in the Sky and Around the Blogosphere

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Despite the woes of the domestic aviation industry, a new type of plane is finally coming into mass service across the globe. Airbus’ much publicized and long delayed A380 hit the skies down under in Australia this week. Singapore Airlines was the first to launch earlier this year, and Dubai based Emirates airlines start services [...]

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The Good, the Bad and the Greedy – Wall Street Criminals on notice

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Looks like the financial crisis is taking the much anticipated criminal turn with the FBI starting to seriously probe allegations of fraud by a number of Wall Street firms whose recent collapses sent markets into turmoil. The ones that received the most media coverage – Lehman Brothers, mortgage giants Fannie Mae and Freddie Mac and [...]

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Leverage 101 – The Real Cause of the Financial Crisis

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Much of the current financial market crisis is blamed on two main factors – poor risk management by company executives and the ultra-depressed housing market. Company management is paying the penalty with most failed CEO’s fired and years of lawsuits and regulatory probes ahead for implicated senior executives. The second factor, a depressed housing market, [...]

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The Trillion-dollar bailout and why it will be profitable for taxpayers

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In my previous post I wrote about the long term fall out and adverse impacts from all these government bailouts. Tony Parker, a regular contributor to this site and an experienced investor, offers a different view as to why the bailouts could end up being a success and even realize a decent profit for the [...]

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Bailout Nation and Future Impacts

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To save our economy and the financial future of America, the US government is taking over our financial system by changing the rules and becoming the backstop for all the junk in the current financial system. While this may save our skins in the near term I think it is going to put America in [...]

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Looking Past the Subscriber Count

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One thing I used to do was judge the quality of a blog by was the subscriber count. My thinking was that generally the higher the subscriber count, as reflected in the Feedburner counter or the like, the better the site. Most blogs with more than a handful of subscribers tend to display their feed [...]

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Making the Move: Vanguard Money Market to ING Direct

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I decided today that I wanted to fully protect my cash funds and as a result have decided to move them from my Vanguard prime money market account to my online ING Direct savings account. This is not a reflection on Vanguard, because it is the best fund manager in the industry, it is more [...]

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