CHESSNOID

Random Noid Musings

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Did you fall in love with Obama? Why??

Politicians are the best liars. That is why you should never believe in them. Makes no difference whether they are Democrats or Republicans because they all break their promises. Were you one of the ignorant people who fell in love with Obama because of his promises 3 years ago? It’s OK [...]

Mortgage rates are low, but do you qualify?

You may have perfect credit, a long term stable job, and a high credit score and no credit card or auto loan debt, but that doesn’t mean you will automatically qualify for a refinance on your mortgage. That certainly doesn’t make sense, yet it is true.
The Federal Reserve is loaning money to banks at [...]

US stock markets rocket back up today

Nothing really happened in the stock market today that could justify the 400 plus point gain.  I think it was bargain hunters looking for deals and the silly comment the Fed said that they would promise to keep interest rates at 0% for another two years.
The underlying concerns for the economy are the same as [...]

No more bailouts please. Say NO to Freddie Mac.

Seriously, no taxpayer dollars should be spent on these failed and insolvent companies.  They are not government agencies and should be allowed to fail without exception.  These bailouts are part of the ballooning federal deficit that we are still growing at an alarming rate.
Freddie Mac is a perpetual money pit.  This old post was from [...]