China To Halt US Lending?
From Reuters: Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday. As a half-full guy, I’m going to read this as “US Will Stop Borrowing Money From China” and be happy. Ok, I’m not [...]
Let’s Play Bank!
Now we all get to play bank. Well, it’s more like playing PayDay Lender, since the feds decided in their infinite wisdom yesterday to take over Fannie Mae and Freddie Mac. As a taxpayer, you now own pieces of bad mortgages all across the country. When you spread the pain out over so many people [...]
It’s a Great Deal For a Month At Least
Amazon is offering a free trial of Amazon Prime, which lets you take advantage of FREE TWO DAY SHIPPING. This is an awesome deal if you are planning on buying anything this month–especially something big and expensive. After the free trial, it’s $79 a monthyear, which is still a good deal if you buy a [...]
What The World Needs Now–Bubbles
That’s right. Bubbles. Do you have a better idea? What better way to fix long term economic issues than by the use of short term economic solutions fixes schemes. Sometimes I forget how much I love The Onion The most support thus far has gone toward the so-called paper bubble. In this appealing scenario, various [...]
Teleprompter Por Favor
Prediction: As this Presidential campaign continues, Barack Obama is going to continue to get himself in trouble by being asked simple questions and making impromptu statements. In Georgia on Tuesday he gave us all some great advice on raising kids: Instead of worrying about whether immigrants can learn English — they’ll learn English — you [...]
Fed Plans to Meddle…Again
Because further regulating lending is the best way to protect consumers from predatory lenders who are in danger of not being paid. Who are they trying to protect again? Sure some people may lose their homes, but they are still free to go rent. Last time I checked there were still plenty of houses and [...]
AdSense Money Available On Your Feed
This isn’t much of a surprise…it was pretty obvious that the very reason Google bought Feedburner in the first place was so they could roll AdSense into it. And no complaints here either–to their credit, Google immediately made all of the “pro” features of Feedburner available for free as soon as they took ownership. These [...]
The Root Cause of the Insurance “Problem”?
I think Coma has hit it pretty much right on the head, and many people may not be seeing the complete picture… If I didn’t need health insurance, I sometimes wonder how my life would be different because I think I would have probably gone down a different path in the last five years. That’s [...]
The Blogosphere Is Going to Implode? Nah.
According to Gawker’s Nick Denton, yes. Gawker head honcho Nick Denton explained to Silicon Alley Insider that the decision to sell the sites was based on the economy, lack of advertising, and his desire to get lean before the blogosphere implodes. Wait. Don’t panic. One prognostication does not a bubble burst. Don’t rush out to [...]
You Wanna Know Why?
I’ll tell you why. Or I’ll let MonsterNoodle explain it: Keep on loaning to people that can’t afford it, for things that are not worth it. Enough said. Read the whole post.
