Good Riddance 2009

By | Jan 4, 2010

Last year saw a lot of ups and downs. We started off watching the car industry with some disgust, questioning the culture of mediocrity that allowed the situation to spiral out of control. We say: Too big to fall? Too big to exist. Get on top of your credit and take control of your life. […]

Wells Fargo Sues Itself

By | Jul 14, 2009

photo credit: Krawiec @ USA – NJ It’s another head shaker straight out of Florida as “Wells Fargo Bank NA” sues “Wells Fargo Bank NA” for outstanding liens against properties involved in foreclosure. In what sounds like the most idiotic chain of events, the bank has hired an attorney to defend itself from, well, itself. […]

Obama Aims to Battle Debt

By | Feb 21, 2009

photo credit: achichi Obama has a plan in the works for battling the deficit that will see it shrink from $2 trillion this September to around $500 billion by 2013, according to the Washington Post. Although the target debt ratio is high – around 3% – according to the White House that number would be […]

Citigroup Splits

By | Jan 19, 2009

Despite their expensive newspaper ads insisting all is well, it turns out that Citigroup is in fact – wait for it – having problems! Now that the government is their biggest stakeholder with $45 billion in bailout funds, the company has basically abandoned its “lets become as big as we can” and has started selling […]

GM Hopes to Improve its Fortunes by Lowering its Lending Standards

By | Jan 4, 2009

In another disgusting development, GM has announced it will be pushing profits by selling financing for its SUVs to buyers whose credit scores would have previously been unacceptable to the company. Whereas before the minimum credit score of 700 was needed to be accepted for financing, the bar has now been lowered to 621 (620 […]

Culture of Mediocrity

By | Jan 2, 2009

Let’s talk about mediocrity. We are a society of followers (ever hear the phrase ‘Monkey see, monkey do’?) We are trained to do what the leader does and to act like the cool kids. We want flash, style, appeal, and success. There are phases we go through – when we follow, when we adapt, and […]

Bailout Money Could Have Come From Executive Bonuses

By | Dec 31, 2008

What happened to the idea that “the captain goes down with the ship”? According to a post at Factesque, the Associated Press took a look into how much of the federal bailout money was spent on paying for the salaries of those. As it turns out, the money used for that purpose was relatively small […]

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