Can You Really Save On Gas?

Friday, June 26, 2009, 5:41 AM | 16 Comments

Definitely, according to Energy Information Administration (EIA), you sure can. Prices have been on the rise steadily since it bottomed out late last year. In Tysons Corner, VA, one gas station I went to was selling gas for less than $1.55 a gallon. The experts tell us that the reason for the increase in price […]

IRS Will Treat Investment Theft Losses As Ordinary Losses

Wednesday, June 24, 2009, 10:39 AM | Leave Comment

If you have lost money by giving it to a schmuck to invest it for you, help may be on the way especially if you are a victim of the biggest schmuck of them all known as Bernie Madoff. The IRS of the good old U.S. of A. has announced it will treat investment theft […]

The Difference Between Loan Shark And Madoff

Tuesday, June 23, 2009, 9:37 AM | 3 Comments

Good old Bernie has not been convicted so let me rephrase the question. “What’s the difference between a loan shark and a thieving capitalist?” Some columnists writing on personal finances call a loan shark a mobster and a thieving legitimate lender a capitalist. Some are extremely respected columnists. But, as a consumer, I have to […]

Bankers emerging with $125 billion more than they had before

Monday, June 22, 2009, 6:39 AM | Leave Comment

There is an article on titled “How the bailout bashed the banks” by Nina Easton – Last Updated: June 22, 2009. Major points Was the rescue program [TARP – Troubled Asset Relief Program] necessary? We can probably assume that those signatures helped stave off a far more damaging economic collapse. Some banks, notably Citigroup, […]

Life After Bankruptcy Is Not As Horrible As You Might Think

Sunday, June 21, 2009, 12:36 AM | Leave Comment

Bankruptcy is not the way to live and eventually die if there is any chance at all of avoiding it. But if you have exhausted all venues to avoid going that route and if there is no other way out, it is not the end of the world for you. There is life after bankruptcy. […]

Vienna Austria Is The Best City

Saturday, June 20, 2009, 9:12 AM | 3 Comments

Vienna, Austria which scores highest for overall quality of living, Baghdad the lowest, according to a research paper “Mercer’s 2009 Quality of Living survey highlights – Global” done by Mercer, a wholly owned subsidiary of Marsh & McLennan Companies, Inc. The researchers state that European cities dominate the top of the ranking whereas Singapore ranks […]

Billionaire financier Stanford surrenders to FBI

Friday, June 19, 2009, 7:11 AM | Leave Comment reported today that billionaire financier R. Allen Stanford surrendered to FBI Thursday afternoon right outside his girlfriend’s house. The report says he was under investigation by the Feds for sometime. Stanford is scheduled to appear in federal court in Richmond, VA this morning. The Stanford Group Co. sold $8 billion of certificates of deposit […]

Motorists Could Get Up To $4,500 To Trade In Gas Guzzlers

Thursday, June 18, 2009, 7:24 PM | Leave Comment

Attached to a $106-billion emergency war spending appropriation, a $1-billion cash-for-clunkers measure cleared the U.S. Senate today with car dealers and automakers hoping it spurs new vehicle sales in the near future. Republicans have lost an effort to kill the $1 billion “cash for clunkers” program that offers government incentives of $3,500 to $4,500 to […]

Creation of Consumer Financial Protection Agency

Wednesday, June 17, 2009, 7:58 PM | Leave Comment

The centerpiece of President’s proposed regulation is the creation of Consumer Financial Protection Agency (CFPA). The regulatory revamp includes sweeping changes to help consumers make informed decisions about financial products, save for retirement and get better investment advice. CFPA will be created with authority to write and enforce rules across a slew of financial products. […]

Who Is At Fault – Madoff, SEC or A Third?

Tuesday, June 16, 2009, 11:37 PM | Leave Comment

Three entities are involved. They are all mutually exclusive. One doesn’t know about the other. I think the third one is at fault with their inherently God-given so very important characteristics they cannot live without. Bernie Madoff Bernie Madoff managed to lure billions of dollars away from huge charities, as well as wealthy individuals in […]