Money market funds make banks rich

Tuesday, February 17th, 2009

If anyone still has some degree of faith in the United States banking system, you should consider reconsidering after the various bailout packages of the past several months.  It’s no secret that these bailouts are going to increase the rate of inflation considerable.  In 2007, the inflation rate was 2.85%, in 2008 it was 3.85%.  [...]

My two cents on bailing out the automakers

Monday, November 17th, 2008

“All it would take is one stroke of a pen and that problem would be solved”
Harry Reid talking about the 25 billion dollar bailout of the big three automakers
Wow, I never thought that all the problems that plague this country could be solved so easily!  One stroke of a pen really is nothing when you [...]