U.S. taxpayers are now officially on the hook for an astonishing, mind-numbing, ludicrously intolerable $8 trillion in financial sector bailouts. Woohoo! Eight trillion bucks! That's gotta be some kind of record! USA! USA! USA! And now on a more serious note, we're screwed. It's all but impossible to describe that number in a way that's … Continue reading $8 Trillion!
Category: blog
Gates Stays Open
Just read a shocking story broken by the Associated Press. Seems that President-elect Barack Obama has asked current Defense Secretary (and former Central Intelligence Agency Director) Dr. Robert M. Gates to stay on at least another year. And like you, my first thought was simple and obvious: Why not me? I mean, it's like I haven't … Continue reading Gates Stays Open
Let’s start with some good news…
And by "good," I unfortunately mean "lousy." CNN Money is reporting that housing prices are still plummeting at a record rate. "The S&P Case-Shiller Home Price national index recorded a 16.6% decline in the third quarter compared with the same period a year ago," CNN Money reported today. "That eclipsed the previous record of 15.1% … Continue reading Let’s start with some good news…
Anthony Pignataro 