Shallow Hal Wants to Bail! Gird your financial loins, says noted pessimist, Tony Robbins.
Shallow Hal Wants to Bail! Gird your financial loins, says noted pessimist, Tony Robbins. »
Losing the faith: UN calls for new global currency as US continues to print money.
Losing the faith: UN calls for new global currency as US continues to print money. »
BofA to get out of deal with the devil, repay TARP.
BofA to get out of deal with the devil, repay TARP. »
Fools and their money should start saying their goodbyes now.
Fools and their money should start saying their goodbyes now. »
Credit Cardholder’s Bill of Attainder
Chuck “I never met a bank I didn’t destroy” Schumer has... »
Today, shares of Citibank closed at $2.80. A year ago, the stock was trading at about $26. Two years ago, it was trading at over $50, and had been for the previous two or three years. Here’s what this means in simple, everyday terms: Assume that, last year at this time, you had $5000... »
A number of my friends and relatives readers have asked about the Maddoff case. Here now is the Daily Danet Maddoff Frequently Asked Questions: Who is this Maddoff guy? Bernie Maddoff was the former chairman of NASDAQ and the founder and CEO of his own investment company. How do you pronounce his name? “Made-off”... »
Of Mice and Men
Below is a chart depicting the real and inflation-adjusted (median) average price of a home in the United States from 1975 through 2008. You can clearly see the housing bubble developing, beginning in 1997. The historical, inflation adjusted price of a home is about $150,000. During the 10 year period starting in 1997, housing... »
I retract my endorsement of John McCain for president. I continue to believe he is the better option than Barack Obama, but Senator McCain’s promise last night to purchase struggling mortgages and renegotiate their terms runs counter to every economic principle Daily Danet stands for. No one wants Americans to be evicted from their... »
Tax relief plan
In an effort to alleviate decreasing consumer confidence and skyrocketing food and energy costs, President Obama announced a broad tax relief package today. The plan, which is modeled after President Obama’s anti-foreclosure plan, allows federal judges to reduce the tax burdens of those who cannot afford the fat, bloated government they purchased. “Just like... »