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, Commodities, Dow Jones, Economics, Economy, Finance, Futures, Mutual Funds, NASDAQ, 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 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, Commodities, Dow Jones, Economic Development, Economy, Finance, Futures, Hip-Hop Business, Mutual Funds, NASDAQ, 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 26, 2008 – 10:52 am
This is very telling of how many of us see the proposed bailout of Wall Street…and it happens to be funny to. Check out the usage of President George Bush in the scene.
By Kenyatta Blue
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Also posted in Bonds, Dow Jones, Economy, Finance, Futures, Mutual Funds, NASDAQ, S&P 500, Stocks, Wall Street
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Tagged Batman, comedy, financial bailout, President George Bush, The Dark Knight, The Joker
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September 24, 2008 – 1:49 pm
We live in an age of concentrated hypocrisy. An age where power mongers shred the Constitution in the name of security, where a wolf pack of thieves are robbing the American people with a fountain pen stealing more than they could with a gun. Banditry and fear have combined to such a degree that the [...]
By Obe Lee Jones
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Also posted in Bonds, Business, Conservative, Democrat, Dow Jones, Economics, Finance, Futures, Hispanic, Independent, Mutual Funds, NASDAQ, Politics, Progressive, Republican, S&P 500, Stocks, Wall Street
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Tagged AIG, bailout, Barack Obama, Goldman Sachs, Henry Paulson, John McCain, Merill Lynch, Phil Gramm, Robert Reich, Robert Rubin
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September 18, 2008 – 2:53 am
So you think the Dow Jones industrial average, in 3 days dropping a total of 950 points (500 on Monday, September 15th and 450 Wednesday, September 17th), renowned investement brokerage – Lehman Brothers filing for bankruptcy protection and the Federal Reserve stepping in with an emergency loan to keep American International Group Inc., one of [...]
By Kenyatta Blue
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Also posted in Business, Dow Jones, Economy, Finance, Hip-Hop, Inner-City, Urban, Wall Street
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Tagged consumerism, debt, hipsters, lifestyle, Real Estate
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