Tags: Economy + Election + Markets + Politics
DEMOCRATIC
You have two cows.
Your neighbor has none.
You feel guilty for being successful.
Barbara Streisand sings for you.
REPUBLICAN
You have two cows.
Your neighbor has none.
So?
SOCIALIST
You have two cows.
The government takes one and gives it to your neighbor.
You form a cooperative to tell him how to manage his cow.
COMMUNIST
You have two cows.
The government seizes both and provides you with […]
May 8, 2008 - Economy, Politics - 0 Comments
Tags: Congress + Federal Reserve + FINRA + Ginnie Mae + GNMA + investing + SEC
Dear Members of Congress,
You are undertaking the task of studying the current financial crisis with the objectives of strengthening regulation of the US financial system to encourage capital formation and to increase efficiency and order. Reportedly, first up is gathering facts and information to understand what happened in the
May 7, 2008 - Markets, Politics - 0 Comments
Tags: Bank defaults + Deflation + Federal Reserve + Inflation + investing + subprime
The Federal Reserve cut interest rates once again by .25 basis points or 1/4 percent. This was expected by the financial markets and is seen as the last for the next several meetings unless things get worse.
The stock market rallied initially on the news but then sold off before the close when traders came to […]
May 1, 2008 - Economy, Markets - 0 Comments
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