11 posts
There are over 10,000 banks and credit unions in the USA. Having a majority of the business go to four corrupt banks (Bank of America, Citibank, Wells Fargo, and Chase) is not healthy for an economy....
Read more →How does the bailout change my outlook on investing in the next year? Not much. Kirk on Reasons Unbeknowst asked this question in the post The Most Predictable Meltdown in History: > Would you rather...
Read more →Something about the proposed Paulson $700 Billion bailout doesn't seem right. You have very smart people making sound arguments against it, but I'm starting to wonder if there is another motive...
Read more →Saturday evening I posted As Soon As I Get My Head, which summarized my thoughts and concerns on what might happen in a post-Paulson bailout world. Even though I'm hedged to profit from a stock...
Read more →All day long I've reading, researching, and thinking about Paulson's No Banker Left Behind Plan and what is going to happen to the economy. This post isn't about the guilty parties that got us into...
Read more →Please don't blame me. It isn't my fault your home price is plummeting, your 401K is getting rocked, and your bank is in trouble. I'm just a student of financial history who saw things differently...
Read more →On 3/17/2008 I posted IndyMac I'm Never Coming Back. > IndyMac has the lowest rating a bank can receive with Safe and Sound ratings. After seeing Bear Stearns implode in days, I didnt need much...
Read more →This March in the post IndyMac Im Never Coming Back, I wrote how as soon as my CD matured I closed out my account. > This morning my CD with IndyMac bank matured. IndyMac has the lowest rating a bank...
Read more →There is a bank that is popular with many people here in Seattle. It even has our state name in its name. Well, a few of my mutual friends have heard my reasons why I'd move my money to a different...
Read more →Last month in my post Ignore My Financial Advice, I said: > 6- Only Bank with the Best. > > Unless you've avoided the news for the past few months, then you are aware there are some banking...
Read more →A few people in the last month have asked me for financial advice. Giving financial advice is a delicate and risky endeavor. It's not like fitness or nutritional advice. If I tell an overweight...
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