credit default swaps

credit default swaps are bets

Inequity kills economies: economies now run countries

“Principles have no real force except when one is well fed.” Mark Twain Politicians used to understand this. Promises of a better tomorrow, with jobs, a standard of living higher than it is today- were standard campaign promises. Now, we have “hope” and “change” with no promise whatsoever. If we likened life to a game Read More

While the government is talking limits on credit-default swaps, maybe we’d do best to ban “counter-investing”?

Investing and the market should be about good faith in a company- after all, isn’t that what all the debt rating agencies are supposed to help us with in making decisions? Just yesterday, Standard & Poors warned it may downgrade GM’s credit rating- which helped kill off 31% of the stocks value. That’s a serious Read More

Why Johnny Q. Public can’t pay his mortgage but can bail out Wall Street

Our system is broke. It’s now as morally bankrupt as Wall Street. The American dream is now a complete and utter farce and the belief that the people we elect actually “represent” us should be forgotten as fast as they forgot us with this “bailout”. Johnny can’t pay his mortgage for a whole bunch of Read More