Wall Street Breakfast: Must-Know News [View article]
TARP is the right word. It is the gov't blanket that is beginning to cover most economic activity. Banks, Autos, Mortgages, Insurers, Credit Cards (coming), unions., schools, health care. Sounds like socialism to me. Don't forget Cap and Trade to cover all use of energy. Our gov't is like kids in the cookie jar with parents not at home.
Wall Street Breakfast: Must-Know News [View article]
The government forced banks to take the TARP. Once in they started to limit pay and bonuses. Now they don't want out and make the rules to NOT allow the banks to pay back the money. Government has taken over GM and even fired the CEO. The government is buying up mortgages that are toxic. Guess they want to go into real estate business. The only growth we are getting is in the government. Sounds like socialism to me.
Wall Street Breakfast: Must-Know News [View article]
If banks made bad loans they should pay the price! TARP only rewards bad behavior. The double whammy is for those who bought homes at higher prices caused by the increased demand. Now those unable to pay may get another free ride.
Where Are the Original Dividend Aristocrats Now? [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
If banks made bad loans they should pay the price! TARP only rewards bad behavior. The double whammy is for those who bought homes at higher prices caused by the increased demand. Now those unable to pay may get another free ride.