This morning, mortgage giant, Fannie Mae, announced new rules aimed at getting tough with what it calls “strategic defaults”. The company has found that there are a group of people who are walking away from their homes that have “the capacity to pay”. However, Fannie Mae plans to get tough with all borrowers that default [...]
I am listening to a financial advisor’s pitch about a company. Great balance sheet, low P/E multiple, great product, the same thing everyone begins with before making their buy recommendation. Then comes the details or, in essence, how this stock is going to make you rich. The gentleman says to me, “This company is going [...]
Kush Jenkins, The Bottom Line
As Puxitony Phil peaked his head out of his hole and saw the new state of America, one cannot blame him for opting to stay put for just a little while longer. The Dow sunk below 6,500, unemployment is out of control, and President Obama is talking Bushanomics with a spoon [...]
Oh politics is here again! As we cheered the greatness of our nation last January 20th, the politicians have reminded us thereafter that it is about everything but. While Americans are suffering, the politicians are jockeying for position with the new stimulus package. I am amazed to hear about Americans killing themselves because of their [...]
As television analysts and newspapers begin to peer into their crystal balls and tell “the people” what is in store for the new year, I have begun to notice a serious disdain for 2008. I see headlines declaring the year “The Second Great Crash” and cartoons of the 2009 baby kicking out the 2008 old [...]
