Advice on How to Manage a 401k in These Troubled Times

Dear TV Network News Financial Analyst, I am a faithful watcher of your news network and I particularly enjoy hearing your analysis of the terrible events that are happening in our business markets. Because I have complete confidence in your views I wonder if you might answer just a couple of questions I have about [...]

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U.S. Plans to Bail Out China with Credit Default Swaps

I’m pretty sure that if I crawled into the shiny-bright, luxurious offices of Goldman Sachs, Morgan Stanley, or any of the other big Wall Street banks on my hands and knees I wouldn’t have a chance in Hell of getting any of them to loan me a dime. Not this year or any other year; [...]

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Two New Alternatives to the U.S. Government Bailout Plan

The opinion polls indicate that over 90% of the American people are opposed to a bailout of the investment banks, banks that hold perhaps a trillion dollars worth of “worthless” mortgages. These mortgages were either given to people who were not employed and had no resources to repay the mortgage, or they were mortgages that [...]

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The Unbearable Lightness of John McCain

I suppose his standing in class at Annapolis should have been the tip off.  Almost dead last in a class of nearly 900 graduates, you can’t expect him to have too much intellectual horsepower.  Still he presents himself as a man who is sure of his convictions, a man who is unafraid of risks, a [...]

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Paulson Bailout Bill Dooms U.S.

We’re doomed.  The inmates have taken over the asylum.  Secretary of the Treasury, Henry Paulson, former Chairman and CEO of Goldman Sachs, a man whose career at Goldman Sachs spanned twenty-two years before he was appointed Secretary of the Treasury only two years ago, is now demanding that Congress immediately sign up for a $700,000,000,000 [...]

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