Wednesday, March 18, 2009

Why the Federal Reserve Is A Threat to Little Old Ladies

The federal reserve bank is debasing the currency of the United States. Had it not allowed our treasury to be the sole source of funds for bailing out banks, we wouldn't need the fed to buy bonds aggressively. It would have been better to nationalize the banks and allow bond haircuts and shared pain. Why the Federal Reserve Is A Threat to Little Old Ladies

Wednesday, March 11, 2009

How Safe Is My FDIC Bank Account?

This is not a likely scenario, however it is a very possible scenario. I would watch the solvency of the FDIC corporation and how the banks are doing in removing toxic debt before taking my eye of this issue: How Safe Is My FDIC Bank Account?

Saturday, March 7, 2009

Why I Rent, Not Own

Here is a cute hub that explains why it is often better to rent. Also with all the repairs, home ownership is a bit of a con job anyway. I personally believe that interest rates will go up after we beat this deflation, and it will be difficult to hang onto the value of your house unless they try another no money down scheme. That will likely not last long if they do. Why I Rent, Not Own