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Looks like BAC might pop to $7 or $7.50. That would probably be a nice short there. I’ll bet it hits $1 before to hits $10. Once the government bailouts start, shareholder equity will be wiped out. I can’t wait for this to go under. Hopefully JPM will be next.

No I do understand the problem. They print money out of thin air and then charge interest on it. Then they jack up the rate after you have already borrowed so they can keep you in debt. Then when enough people default, they go to Congress to get a bailout.We pay for it every step of the way...

Here’s a great article for you guys to have fun with. I guess they left out the part talking about the big screen tv’s and vacation home. When is everybody going to realize we don’t have a lifestyle problem. We don’t have an education problem. We don’t have spending problems. We...

Correct me if I’m wrong, but they are lending us money that they create out of thin air, and then charge interest on it. So unless I’m mistaken, it’s impossible to ever pay back all of the loans because the amount owed is greater than the money supply, due to interest being charged on...

I know this will be a difficult concept for your pea sized brain to understand, but a CC is a loan. Borrowing and lending is a very common practice dating back thousands of years. It’s pretty simple, both sides agree to the terms. Except now, the lender is allowed to change the rules in the...

When Chase bought Wamu, I knew I was in trouble. Sure enough, in November they sent me a notice increasing my rate from 11-22%. I called them up and asked for a reason. They told me they didn’t have that info and could send me a letter explaining why. I told them to send the letter and to make...

You’re lucky. 2 years ago they changed mine from 8-24%. I also have perfect payment history on all of my accounts. At that time I was able to pay it off after a few weeks, and when the balance was zero, I called them and spoke to a manager. They sent me a notice later and refused to change it...

Well you are 100% preaching to the choir here. I am one of those crappy job holders. In the past I did save money to open my own business. I used to save a lot. And let me tell you, taxes was no problem for me. I never once paid a dime in business income taxes. You want to know why? Because I...

Yes! I knew it was just a matter of time before I got the Socialist bit thrown at me. Everybody who paid taxes got a check from Bush. I got one. It looks like they’re structuring this one the same way. Anyways you did pay taxes, you just didn’t know it. The Federal Reserve taxes more every...

Well I meant that McDonald’s is not good jobs and if the tax cut were to stimulate expansion, then what’s the point. I also agree with what you’re saying as well. We don’t have an education problem. We don’t have a savings problem. We don’t have a work ethic problem. We have a jobs...

Are you serious? Do you really think if businesses had lower taxes that would stimulate job creation? Businesses will do what’s best for themselves, not their employees or customers. How does giving Exxon a tax break encourage them to create more jobs? They’ll take that money, say...

Where have you been for the last 8 years? The dollar was nearly destroyed with Bush in office. I’m not saying he was completely responsible for it, but it happened while he was in office. If Obama really wants to help the poor and middle class like he campaigned on, he’ll advocate a strong...

The stock market is not representative of the true US economy. When Exxon goes down, that usually means oil is down, which means the American consumer saves money. Bad for them, good for America. When company’s ship jobs oversea’s and make more money, that means somebody here lost their job...

How about we talk about the issues I raised rather than who I voted for? But just for fun I’ll give you 3 guesses as to who I voted for. I’ll start you with a hint, it wasn’t Obama.

Neocon = borrow money to pay for wars and finance it through tax cuts for those who benefit from the wars. What’s so great about the stock market going up? The way I see it there are only 3 ways stocks can go up as a whole. Pay their employees less, raise their prices to the consumer, or...

I don’t really know much about that. How would you gauge if, let’s say the nasdaq would be stronger or weaker than the Dow and then do a long/short posittion? How would you go about setting up up an arb system? It seems something like that is always automated. Sterling is very hard to...

When gas was $4.25, we kept hearing about the huge demand on oil, the supply shortages, the refining capacity, and the possibility of any number of one incidents threatening to disrupt the entire market. But yet I never once saw a “closed, no gas” sign at any station. When pumping gas, the...

Exactly. What has he or Iran done to us that deserves this hostility we show them? Remember after that brief encounter last year with the Iranian boat? At the next GOP debate everybody was practically begging to go to war with them over a very minor incident that had no ramifications on...

I wouldn’t be so sure about that. Didn’t Clinton raise taxes right away? He got reelected by a landslide, and until Hilary ran, he was the savior of the Democrats and presumably the country.

Absolutely 100% correct. They know I want to keep perfect credit, even though that means paying interest instead of principle. If I paid all this off tomorrow, my credit score would probably be back over 740 within a few months.