We all know that this campaign has been all about fear. Which is appropriate, since it draws to a close around Halloween. Today I offer something truly terrifying: More “proof” that Barack Obama is a scary socialist.
Happy Friday!
And, Happy Halloween!
Tags: Barack Obama, Friday Fun Video, happy friday, Happy Halloween, Obama socialist, Personal Finance, socialist
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A couple of days ago, I left a comment over at Bible Money Matters on a post about car shopping:
Our car is showing signs of sickness after seven years. We’re thinking we may need to get another one (we’ll buy it used, though — we like lease returns). But we’re crossing our fingers that it [...]
Today, the Federal Reserve is widely expected to cut the Fed Funds rate. Because the economy seems to be heading toward recession, the overriding goal is to stimulate the economy. And this means — as far as the Fed is concerned — making it cheaper for everyone to borrow money.
Because our economy runs on consumption [...]
I am very excited that b5’s business portal, bizzia.com, has just launched. This is very exciting, since it offers great access to business and financial news quite easily.
Yielding Wealth is, of course, an excellent personal finance resource for these troubled times, but there are plenty of other great stories in business and finance that can [...]
This is a great video about credit derivatives. It points out that these credit default swaps and other derivatives are tantamount to gambling.
That’s right. Taxpayers are basically paying off Wall Street’s gambling debts.
Tags: credit default swaps, credit derivatives, gambling, gambling debts, video financial crisis, Wall-Street
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In 2008 alone, reports CNN Money, personal bankruptcies are approaching the one million mark, up more than 28 percent over last year. As you might guess, even the law passed in 2005, making it more difficult to file for bankruptcy, has not done much in recent months to stymie bankruptcy filings. Mainly because the debt [...]
One of the groups that is likely to see job security as the economic and financial crisis continues is lobbyists. Why? Because interest groups always need someone to go to Washington and ask for money. And with more than $700 billion up for grabs (it’s going to go over that limit — you know it [...]
While this video doesn’t fully explain the credit market crisis and the global financial crisis, it does provide a good educational look at finance, and one of the root causes of why we are where we are.
Plus, I like the smiley faces.
Happy Friday!
Tags: Credit, credit market crisis, finance, Friday Fun Video, global financial crisis, happy [...]
We’ve been so focused on the mortgage part of the current credit and economic crisis, that we have been neglecting a very large segment of debt lately: credit cards.
Right now, there are reports that the credit card default rate is set to spike. This is because as individuals find it harder to make ends meet [...]
Today I read a story from the San Francisco Chronicle about how Target is paying $1.7 million in order to settle a penalty for overcharging customers in California. This got me to thinking: How much attention do I pay to the prices ringing up at the cash register?
I also thought this: How much would the [...]
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