The day we all feared has arrived.‚ The government has begun to directly intervene in the markets, buying $250 billion worth of stock in 9 banks.‚ Emperor Paulson has said that the government will end up taking up to a $2.25 TRILLION stake in various companies and formerly free market assets.
The bad news is that there has been many reports that the friendly bailout offered by the government to some of these banks wasn’t so friendly.‚ … read more “Bailout Increasing in Size, Scope”
Interesting video from the guy at Mythbusters discussing how he is not allowed to air an episode on RFID.
Apparently the chief legal counsels for a bunch of big companies got on a conference call and laid down the law to Mythbusters.… read more “MythBusters Not Allowed to Discuss RFID”
Tara sent me the following humorous New Stock Market Terms… I like the Standard & Poor definition best.
NEW STOCK MARKET TERMS
CEO Chief Embezzlement Officer.
CFO Corporate Fraud Officer.
BULL MARKET A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.… read more “Funny New Stock Market Terms”
The Dow Jones Industrial Average crashed again today, losing more than 7%, all the way down to 8579.‚ Wall Street hasn’t seen this sort of crash in quite some time. My guess is that it may be temporarily nearing the end of its decline (my guess is it will bottom out between 7000-8000 points)… but if foreign countries start pulling their money out of US markets, I think up to half of our economy will die.‚ … read more “Death Stalks Wall Street”
Haha… Watch the short video of Hillary Clinton going from the kiss from the current man of her dreams.
Check out this funny cartoon: “D—, it feels good to be a banksta!”
The University of Washington Huskies are winless this season, having lost the first five games. We are also the unfortunate possessors of the nations longest losing streak- 7 games. Even Bob Condotta, the Seattle Times writer of the Husky football blog, said “It’s now 48-7 Arizona with 38 seconds to go in the third quarter and the Huskies look like a team that has quit.… read more “UW Huskies Football Team Hit New Low in Arizona Loss”
Bad news out of Washington DC- the House of Representatives approved the massive $700 billion bailout by a margin of 263-171.‚ This massive step towards socialism is going to lead to dire consequences to our free market in the future.‚ From now on, major companies are going to expect the government to backstop all of their mistakes.‚ … read more “$700 Billion Bailout Passed: American Principles Dying”
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Watch this video of John McCain abandoning his most fundamental principle (small government, less regulation) at his first sign of crisis. I don’t want this two faced hypocrite with no moral strength as my president.
Barack Obama at least doesn’t abandon his fundamental principles when faced with crisis. However, Barack Obama’s fundamental beliefs are even further away from what I think is right than John McCain’s wavering morals.… read more “Why I Don’t Vote Part 2”