Archive for January 21st, 2009

Quote Of The Day

Genius, in truth, means little more than the faculty of perceiving in an unhabitual way.                                                                         William James

Shocking!: TARP Fund Allocations Subject To Political Pressure

This is just a warm-up to a lot of posts to come. I won’t wast much of my time or yours on it but we might as well start getting in shape to track the sleaziness that’s sure to accompany one of the largest expenditures of government money in peace time. Tonight’s update concerns some […]

Did Obama Step Over The Line With Lobbyists?

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. U.S. Constitution, 1st Amendment President Barack Obama today announced the […]

Would You Buy Bank Of America Common?

These guys either prove that their is no sentient life at the upper management levels of Bank of America or have received the tip of the year from the federal government. BofA CEO Kenneth Lewis and several directors of the company bought 513,000 shares of common stock of the bank yesterday. Lewis bought 200,000 shares and […]

Have We Truly Kicked Our Credit Addiction?

It’s almost enough to make you feel sorry for Fannie and Freddie. They finally get religion, return to their responsible underwriting roots and they start getting beat up for it. The latest contretemps involves the fees that they’re imposing on borrowers that are towards the lower end of their underwriting criteria. This used to be […]