CHESSNOID

The source of our severe recession originated from our housing bubble which burst.  It took over 5 years to inflate and many layers were added with the fancy securities created from it and sold here and overseas.  That is why banks of different countries are suffering.  They bought bad investments with poor security.  Anyways, the [...]

OK, first of all the bad news that Paulson said he has changed his mind and thinks buying junk mortgages for full value is bad and decided against it is good news.  It never made sense to buy worthless paper at full value.  That actually is good news.  It appears bad because Paulson touted in [...]

One of the sites I use everyday Google has had its stock finally break the floor of $300. It hit a new low today.  It is beyond the 50% drop from its high of $747 reached last year.

GOOG

293.58

-17.88 (-5.74%)

The rest of the market is down, too, and Paulson’s peek a boo appearance on TV [...]

Have you noticed that everytime Paulson makes a cameo appearance, the stock market falls.  It wasn’t even bad news this time.  He just changed the intent on what to do with all that Fraud Bailout.  In the beginning, he wanted no oversight and wanted to do whatever he pleased with it.  The House rejected that [...]