I am constantly amazed by the creativity of thieves when it comes to ways to scamming people. If we can get those people to apply their ability to constructive activities, the world will be so much better. Currently in the United States, the credit card companies take the burden off customers for any fraudulent activities. [...]
The newest on the corporate corruption front seems to be that the employees at financial institutions are still expecting to be paid employee bonuses. It’s crazy to think that while we have to downsize and try to save more money to anticipate higher taxes for paying off the bailout, it is actually money that is [...]
I saw an ad in the paper featuring the new housing development we almost bought in March of 2007. It brought back a flood of emotions when I saw it because while I still very much want to live there, I was glad that I didn’t jump in with both feet because it was being [...]
My wife brought back a pair of badminton racquets from her Taiwan trip a few weeks ago that she’s been using when she was about 10 years old. It was surprising that she could still locate it but I’m glad she did. We’ve been wanting to play batminton for a while but didn’t want to [...]
It’s hard to ignore the similarities of our current crisis with Japan’s financial crisis which began in 1990. Boom of the housing market and excess lending feeding off each other leading to a housing bubble. Once popped, stock market prices were dragged lower and what’s left was banks with unmanageable debts from a lack of [...]
In this bear market, not even the so called “smart money” are making money. I was watching Fast Money last night where they were talking about a few billionaire investors who literally lost tons of money on bad investments. A few included: Kirk Kerkorian lost $500 million with his investment in Ford Bill Ackman invested [...]
