America: Get Your Financial Act Together
It would be as irrational to allow the Ayatollahs to build bombs as it would be to allow Wall Streeters to run amok again building their weapons of financial mass destruction.
I get asked a lot of investing questions. I am conflicted in answering them. I want to be helpful but I also want to be tactful. Here are some of the most common questions I am asked and the answers I wish I could give.
It would be as irrational to allow the Ayatollahs to build bombs as it would be to allow Wall Streeters to run amok again building their weapons of financial mass destruction.
Throwing taxpayers' good money into that sink hole called the US auto industry will be tantamount to a transfer of wealth from tax payers to GM employees.
It's a common adage in my world that A players hire A players and B players hire B and C players. Talent is everything.
This coming January 20 a record breaking four million people will attend his inauguration. This is especially amazing since Barack Obama is responsible for the recession? Aghast, didn't you hear!
We can't afford to watch consumers' finances dragged down by unfair credit card practices. It wouldn't be fair in any situation, but at a time of such national financial turmoil, it's an even bigger threat to our economy.
The federal government should make it clear that it is not going to waste taxpayer time or money by listening to the same, arrogant and idiotic bunch of automotive executives that caused all the problems in the first place.
"People who say the U.S. doesn't innovate are woefully out of touch with Detroit's standing in this business."
The Bush administration is squandering hundreds of billions of dollars on incompetence again -- the whole thing is beginning to look a little too much like Iraq.
We heard very little during the campaign about what has succeeded at enabling hardworking families with average or below-average incomes to afford a home.
Autoworkers are aces with me. And so are cars. Very useful for getting around. That said, there are only two reasons to save an American car company: Nostalgia and nativism. And neither of those is a very good reason.
Sen. Reid's new bailout bill for the Detroit Three does not set additional fuel-economy requirements, nor does it establish a government oversight board. That's two strikes against getting our money's worth.
The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.