October 25, 2008 – 8:04 am
Former Federal Reserve Bank Chairman, Alan Greenspan in his testimony before Congress this past Thursday said: “Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity — myself especially — are in a state of shocked disbelief…” Age must be a truth serum, because here Greenspan exposes the [...]
By Saabir
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Also posted in Bonds, Business, Dow Jones, Economics, Economy, Finance, Futures, Mutual Funds, NASDAQ, Options, S&P 500, Stocks, Wall Street
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Tagged AIG, Alan Greenspan, capitalism, car insurance, Congress, Federal Reserve Bank, GEICO, insurance, Joseph A. Cassano, laissez-faire, laissez-faire capitalism, the market
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October 20, 2008 – 3:00 pm
We’ve all seen the price of a barrel of oil plummet over the last few weeks to half of what is was in the summer, now $70-$75. While gas prices at the pump have gone down by a lot too, roughly 29% since July, that’s still not half (-50%) to match the decline in a [...]
By Saabir
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Also posted in Business, Dow Jones, Economic Development, Economy, Finance, Futures, Inner-City, Mutual Funds, NASDAQ, Politics, Rural, S&P 500, Stocks, Wall Street, energy
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Tagged Barack Obama, Cynthia McKinney, economic plan, food, gas, groceries, inflation, John McCain, oil, presidential debate, sustainability, taxes, wages
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October 7, 2008 – 10:37 am
Sure – one can say that it would’ve been worse had we not voted for a bailout. I say – bullsh*t. We’ve basically spent a tenth of our national debt (including AIG and Fannie Mae/Freddie Mac) for nothing. The stupid part about all of this sh*t is that lawmakers have been saying that [...]
By Saabir
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Also posted in Business, Dow Jones, Economic Development, Economy, Finance, Mutual Funds, NASDAQ, S&P 500, Stocks, Wall Street, energy
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Tagged $700 billon dollar bailout, AIG, credit crisis, Fannie Mae, Freddie Mac, Gap, Hnery Paulson, home lending, Treasury Secretary. Newt Gingrich, usury, Walmart
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October 6, 2008 – 11:12 am
I just read an article that says the financial turmoil has wreaked havoc on workers’ 401K plans. I say…”tough.” First of all, my plan has fluctuated +/-1% each day over the last few days, and would have probably been up if my own company stock was performing better over the last year. I [...]
By Saabir
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Also posted in Bonds, Dow Jones, Economic Development, Economy, Finance, Futures, Hip-Hop Business, Mutual Funds, NASDAQ, Options, S&P 500, Stocks, Urban Development, Wall Street, energy
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Tagged 401k, 401k contribution, capitalism, cash, company stock, credti cards, debt, middle class, profit sharing, working poor
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September 21, 2008 – 12:06 pm
As this past week’s national news has been dominated by the near collapse of America’s investment banking center, and where big-time investors should move their money to, there were some media outlets – both online and on broadcast television – that provided information about what most, paycheck-to-paycheck living Americans can do financially in these uncertain [...]
By Kenyatta Blue
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Also posted in Bonds, Business, Dow Jones, Economy, Finance, Futures, Inner-City, Mutual Funds, NASDAQ, S&P 500, Stocks, Wall Street
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Tagged investing, investment, Kiplinger's, Kiplinger.com, money, one thousands dollars, What $1000 Can Do
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