Dec
10
Congress Doesn't Know Where $700,000,000,000 Is Going
December 10, 2008 | Leave a Comment
The congressional committee that oversees the financial bailout package doesn't know where the money is going. With $335,000,000,000 already spent, Treasury Secretary Paulson is about to ask for the other $350,000,000,000.
Congressman Barney Frank is upset with the Treasury Department. Frank claims the Treasury isn't doing enough to oversee the distribution of the money. Frank wants the [...]
Oct
9
Bank Loans Have Not 'Dried Up'
October 9, 2008 | Leave a Comment
It's important to note that even though the hysterics of Washington bureaucrats indicate otherwise, lending has not stopped. It may cost you a little more, and you might have to actually, well, you know, qualify for the loan, but the banks are still lending money.
I talked to a banker buddy of mine and he confirms [...]
Sep
24
Bailout Sounds Like Bad Spam Email
September 24, 2008 | Leave a Comment
This is hilarious. I'm sure you've gottem an email from an "official" in Africa. This official has millions waiting for you, you just need to send them your bank account info. Well what if the scammer in Africa was suddenly the most powerful man in the world. Well Secretary of the Treasury Paulson is the most [...]