cartoon by Nick Anderson There is a certain trust required for any investment to be made. You have to trust that the party on the other end of the investment is solid, believable and honest. If you place your savings in a bank at 2%, you expect to get your principle back plus the 2%. [...]
The stock market plunged today during and after the inauguration of Barrack Obama as the 44th President of the US. The DOW was down more than 300 points or 4% and the NASDAQ a crushing 88 points or 6%. Optimism surrounding Obama’s presidency was left to the liberal blogs and fanatics throwing shoes at the [...]
If you think the “Bridge to Nowhere” would have been a waste of money, just wait until you read more…
If you believe that illegal speculation allowed by deregulation during the Bush Administration should be stopped, please DIGG this. Obama can stop it!! We submitted several articles on our site explaining how speculators are DAMAGING our markets and our savings. We think what the Feds did today was critical to send a message to short [...]
In our earlier article we explained how speculation was crushing our financial institutions in the same way it drove oil artificially to nearly $150 a barrel. Market Watch confirms this with this quote. Last week, short sellers focused on the perfect storm surrounding Citigroup, selling the shares in unprecedented volume as the concern about the [...]
The stock market crash of 1987 seemingly taught America how to protect its markets. We have forgotten.
Citibank is being played in this week-end’s news as being in trouble, but the cause of the problem is not Citibank itself.