The Obama Administration Think They Have a “New Plan”

Treasury Secretary Timothy Geithner finally made his big public speech on the much anticipated bank bailout plan earlier today. For all the hype leading into the speech, I was left dazed and confused as to what really was different.
The first difference is that Geithner did make it evident that the price tag is to be [...]

Who Cares About the BIG 3

On my drive to work this morning, I noticed the flashing digital sign in front of our local Pontiac/Buick dealership. All the advertisement declared massive reductions on prices. MSRP $29k…NOW $21k. MSRP $18.5k…NOW $15k. MSRP $23k…NOW $17.9k. You get the hint.
While taking in the blitz of markdowns, the talk on CNBC radio was the 2nd [...]

Health Care & Mortgages…Not So Different

As I was reading the article “Employers Offer Workers Fewer Health Care Plans“ posted in this morning’s NY Times, it occurred to me that the article was very reminiscent of the mortgage industry. If you removed all the health care jargon from the article and replaced with mortgage lingo you would come to the same [...]