Rescue bill fails to pass in Congress

| September 29, 2008

It was a rough day on Wall Street, but nothing like it will be if they aren’t able to pass a bill to keep money flowing in the U.S. When paychecks are no long being cashed and layoffs start occurring in full force, their will be blood. For most, the losses are currently just on […]

Money lending — government, banking and us

| September 29, 2008

Money lending … this wouldn’t be the first time society gets carried away with borrowing more than realistically we can pay back under the terms of a contract — what started it and is there a solution? Was it the Fannie and Freddie backed loans to those without the incomes to borrow during the 1990s? […]

Financial markets on pin and needles

| September 29, 2008

Like many investors, I’ve been watching the reaction to the bank melting down on Wall Street. All who are invested in America (and rippling overseas) are going to be impacted in real estate value, stock value, bond security and the ability of our government to remain sound. This devaluation will no doubt slow our economy […]

Fannie Mae and Freddie Mac comments in 2004

| September 29, 2008

Although there is enough blame to go around, here’s a partisan CSPAN video that at least shows that a couple legislators were trying to get a handle on the business practices and corruptions going on over at Fannie Mae and Freddie Mac back in 2004. When people “ask where the oversight and regulators” during these […]

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.