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Tag Archive 'crumbling financial institutions'


Stock market doomsayers and so-called financial experts need to shut up

October 28th, 2008

About four to five weeks ago, all the so-called experts and financial geniuses were telling people to sell their stocks, cash in what they could, and be prepared for a stock market crash similar to that of the one in 1929.

At the same time, I held the same view that very few “financial experts” featured on television held: buy as many shares of as many stocks as you possibly can while the price-per-share is low. At the time, it was something of a buyer’s delight with prices being low.


Dow drops 778 after House nixes Wall St. bailout

September 29th, 2008

It seems just about half the members of the U.S. House of Representatives have half a brain, or, if not that, then at least the commonsense God gave to individuals fiscally responsible for managing household budgets.

Barack Obama, however, is not among that crowd: he had this strange idea that the very CEOs that got the financial institutions into a mess should receive “reasonable compensation packages.” Those CEOs should be paying compensation to the U.S., to the homeowners they helped defraud by giving mortgages to people who never should have qualified for them in the first place.

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