Watching tonight’s presidential address, there was one sentence that stood out-an admission of a fundamental flaw in the system- yet, no one is talking about the real problem: Wall Street isn’t a financial market anymore- it’s a casino. I’ve been saying this for years. Now, with this bailout being rushed through, I’m waiting to hear Read More
The “banking bailout” is turning into just one more example of corporate welfare. In fact, the bill presented to Congress is almost terrifying in its scope and lack of oversight, giving the treasury secretary an open checkbook to buy assets from companies that have no right to still be in business. Read this post in Read More
Found a surprise with my paper this monring- a DVD from the “Clarion Fund” warning me that’s it’s “…required viewing for everyone” and as seen on CNN and FOX News by more than 20 million viewers worldwide.” Wow, I’ve always trusted Fox News to be “Fair and balanced”- not. It’s “Obsession, radical islam’s war against Read More
My office has power. My house does not, one week after the storm. I’ve had an extension cord running across the street to power the fridge and the high efficiency hot water heater, but nothing else. I’m also keeping a neighbors fridge working. DP&L called 2x today with an automated survey to find out if Read More
Things went from bad to worse this week, with two major investment banks floundering and a mega-insurer becoming a ward of the State. All of a sudden, naked short-selling is getting the heave ho, as an industry built on greed finally saw that the well does in fact, run dry. While the “geniuses” on Wall Read More
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