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 […]

States’ Budget Crack Being Filled With Tax Hikes

Tuesday, June 16, 2009, 11:30 AM | Leave Comment

These days, we, the American people, seem to be responsible for almost everything. If the Federal or State needs to fill their treasury, the authorities look up to us. I don’t know about you guys, but I have not felt so important in my life of 6 decades as I do now, even though the […]

Lost all my GM shares

Monday, June 15, 2009, 7:33 PM | 1 Comment

Well! I would have lost all my GM shares, had I owned some. But I didn’t own any, so I didn’t lose any. Is that a good logic? I mean if you don’t buy things, you don’t pay for things. But sooner or later, you gotta buy something. I am glad that “something” I bought […]

Taxpayers Have Invested Billions In Detroit

Wednesday, June 10, 2009, 9:24 AM | Leave Comment

There is an article on “Taxpayers Have $80.3B Invested in Detroit” by Peter Barnes published on June 8, 2009. In the article, Peter says: The taxpayers’ investment in the U.S. auto industry rose to $80.3 billion, after the U.S. Treasury provided a new $30.1 billion bankruptcy loan to General Motors on Wednesday, two days […]

Decline In Consumer Spending Is Crimping Economic Recovery

Tuesday, June 9, 2009, 5:25 AM | 1 Comment

A survey conducted in February for Securian Financial Group found that, thanks to the recession and the decline in the financial markets, Americans are more focused on reducing their debt than spending. The number one financial goal of pre-retirees and second-highest goal of those already retired is to “pay off loans, overdue bills, and other […]