CHESSNOID

First of all, the rumors I read on the Internet are just that, rumors.  We have had the Wall Street bailouts, bank bail outs, foreclosure bailouts, possibly automaker bailout, and now the credit card bailout.  This is what the latest plan looks like:
Banks want credit card bailout next
The proposal was pitched to federal regulators by [...]

The stock market closed above its low numbers for the day.  I guess that is the good news. The bad news is it still closed down 2%.  That doesn’t seem like a lot but it really is if you annualized it.  Just imagine if you could make 2% on your money daily. Sweet! OK, wake [...]

It’s hard to believe that gas is going back to the price it once was before Bush took office. OK, not quite that low but it is below $2 a gallon in some states.  In my local area, it is about $2.30 a gallon.  People overall are still driving less.  After the OPEC countries hammered [...]

I still think it is a moral hazard to commit the biggest bailouts of recent times.  Costing almost a trillion dollars, and no one really knows where it is going. I have to guess someone isn’t happy with certain CEO crooks getting a big payday while the companies struggle and layoff thousands.
My other reason for [...]