Fed cuts rate

The Fed have cut the federal rate by 1/2% to 1%. Money is cheaper to borrow and this will entice people, the decline in oil prices to $68 as of today, this decline is due to the ecomomic crisis we are facing.
With the lowered % rate we can hope for increased consumer activities which will trigger economy activity. We will begin to see reduction in the cost of borrowing mortgages and equity loans. Unfortunately we won't see any change in credit cards %, this is because the c.c companies want a piece of the pie.
Businesses need to go out and start the train moving in the economy, borrow and hire more people,expand business and start getting investors in and rebooth this countries' economy.

The Banks Are Still At It.

With the melt down on wall Street you would think banks are being sensible and refrain from paying employees the same or even more as they did last year and with bonuses tied to personal or companies performance to these payments.
Some of the largest banks in the US have cut thousands of jobs, salaries, benefits and bonuses and have seen an increase in salary up to 3% over a year ago.
The banks got us in this mess because of their greed and now they are asking taxpayers to bail out these large corporations. People have loss their bonuses and their pensions and are being asked to continue having faith with these scoundrels. Despite the economic disaster these banks have cause they will decide what to pay out even though they are responsible. It seem that these companies want the compensation plan to pay employees and allow them to get wealthy. The people that they laid off could be paid with the extravagant bonuses that the y are giving out.
Will the banks learn a lesson or is this just another day in the world of financing and being reckless with other peoples' money.

Welcome

Welcome to my page! where you'll read things that's important, that's funny, & that..you really don't care about, but I'm writing it anyway :)

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Financial Turmoil....administative rescue plan

Now the truth is being admitted to Americans, the country is in financial turmoil. Jobs are at stake, business can go bankrupt and foreclosures would be more eminent. President George W. Bush in a news cast made public the state of the economy, which was less than kosher. He has called on congress to vote on an administrative rescue plan that would make taxpayer responsible for the $700 billion debt.
With the economy being in such a turmoil it has put more focus on the presidential hopefuls and what each member is bringing to the table. It is a whole new ball game that they are venturing into. c
Each member must present to America what strategic plan they have and will it work with the administrative plan that President Bush wants to be vote on.
Whatever we do we must remember it's the taxpayers are going to fell the blunt of that short sword.
We must now watch the USD plummet and what is the plan for a sinking dollar.

Nightmare on Wall Street

September 15, 2008 we had a financial crisis never seen since the great depression.
With crashing of the stocks on Wall Street people are feeling a sense of lose at the vulnerability of the economy. Consumers are cringing at the impending doom of our nation, when three powerhouses are left in the carnage of yesterdays assault then we know there are troubled waters ahead.
AIG, Merrill Lynch and Lehman Bros. were nailed to the coffin as the day progress all due to direct and indirect flop of the housing market. Washington Mutual the largest S&L credit has been down graded by several financial agencies and may soon be talking bankruptcy. There is a crisis of confidence, banks have tighten up reign, lendings have decrease and people are scared. Job will be lost and small business will start going under.
With the tax cuts and deregulation of the credit industry over the last year look what has happened to the economy. "NO" the economy is not fundamentally sound, people need to take their heads out of the sand and realize that this are people's future, their retirement and their lfe savings that are at stake.
The big question "is America broke and how are we going to climb out of this one"?

Can Canada's Prime Minister be trusted

With Canada's impending election, people are asking where is the real Stephen Harper. It seems that he has gone fruity sweet on the inside, but indeed crusty on the outside. This is to say, the crust is being smooth away in order to make him more personable, no easy feat there. Canada's Prime Minister has undergone an image makeover, and it seems to be working. Canadian women seem to be buying into this new Stephen Harper's personality. The meeting with families and holding of babies just make mothers tickled pink. Ladies don't be too gulliable, a lepoard can't change their spots, only disguise them.
What is rather surprising, is the recent breakfast with the media, which Mr. Harper attended. He had decleared previously that the media was banned from his premises. He stated in an interview that "he cries when spoeaking to the family of dead soliders", I thought the anglo saxon in him prevented any displayed of public emotion.
All is not so peachy on the election trail; because the Newfounlanders think Stephen Harper is a "fraud". He has done the unthinkable act of ...a promise not kept. Can harper be trusted with a majority vote? That's the all important question Canadians need to ask themselves. They are feeling the cold sting of betrayal of Harper by calling an election at this time. He is definitely not going green, but shifting to the blue shaft of the conservatives.