Archive for the 'Bailout' Category
Bailout Nation
July 3, 2009California bailout ?
May 22, 2009California $21B bailout would be less than Bank of America’s !?
A.I.G., Where Taxpayers’ Dollars Go to Die
March 10, 2009Do you know where your tax money is going ? Well, a big part of it is going into a black hole called AIG and their counter-parties. This is the problem with bailing out a black hole, it never ends!
Derivatives are a black hole at the big insurer, and the government keeps tossing in money. (NY Times)
Bailout Calculator – right.org
February 23, 2009www.Right.org has a petition to say No to the bailout. After seeing how much my share of the bailout will be, I’m inclined to say NO too.
Analyst: "Nationalization" of Citi and BofA Inevitable in ’09
February 18, 2009Explanation of how the government would nationalize Citibank and Bank of America:
A Better Bank Fix: Cut Every Mortgage’s Principal
February 14, 2009If the government wants to help out ALL homeowners, there must a better way than just giving money to banks and stopping foreclosures. Lowering interest rates and modifying loans for over-extended borrowers is not a good solution either because it only gives a break to some, not all. Not only that, it creates an incentive to stop paying your mortgage so you can qualify fot those loan modification programs. Does that makes sense or seem fair to you !??
Times Article suggest a better fairer way – cut every Mortgage’s Principal! Now that I like.
Laid-Off Foreigners Flee as Dubai Spirals Down
February 14, 2009Even a once filthy rich city like Dubai in the middle east needs a bailout. This article from New York Times tells a bleak picture for real estate prices there too. If you want to buy a luxury car on a short sale, check out the airport there. It seems like foreigners are unloading all their vehicles at big discounts now that they are getting laid off.
