Comments for ThinkingFinance

Comment on Our Nation’s Current Dilemma With Credit Card Rates by Richard Barrington

Richard Barrington — Tue, 02 Jun 2009 19:11:08 +0000

Now that the legislation has passed people with outstanding balances should not think their problems are solved. The new regs will take a while to phase in, and credit card companies might scramble to get rates up in advance of those deadlines.

Comment on Our Nation’s Current Dilemma With Credit Card Rates by KeHoeff

KeHoeff — Thu, 28 May 2009 23:41:35 +0000

hey this is a very interesting article!

Comment on Our Nation’s Current Dilemma With Credit Card Rates by TStrump

TStrump — Tue, 12 May 2009 06:45:11 +0000

Great blog!
Credit car companies really p*ss me off! None of my credit card rates have been lowered, even though the prime rate went down.
Thankfully, I pay off the full balance each month.

Comment on CDC Swine Flu Updates and Outbreak Map by Sunny

Sunny — Mon, 11 May 2009 04:53:31 +0000

Swine flu is pretty scary. We have cases here in Canada, just like in other places of the world….

(Following you on Twitter, nice blog!)

Comment on CDC Swine Flu Updates and Outbreak Map by rick

rick — Tue, 28 Apr 2009 06:20:01 +0000

This map goes hours (15+) without being updated, try this one instead

http://www.tinyurl.com/swinemap

Comment on Manic “Marathon” Monday: Dow Falls 290 Points by twinDD

twinDD — Tue, 21 Apr 2009 02:19:42 +0000

Marathon good, Red Sox not, love Celtics, but not their year.

Comment on The Geithner Bank Plan: What the Banks Don’t Want you to Know by elditto

elditto — Fri, 03 Apr 2009 20:39:44 +0000

Kinda like a cheap coat of paint on your house right before you sell it. Covers the stains on the walls from all the leaks.

Comment on An Ugly Start to the G-20 Meeting by Marc Knight

Marc Knight — Thu, 02 Apr 2009 03:20:00 +0000

@Lee Down
In a tough economic climate such as this one, you can surely expect protests at an event of this magnitude. People have good reason to be upset. The pics and video were a reflection of what I thought were “out of place”. “Capitalism isn’t working”, what is our option then? Communism? — I think not. Also, violence has no part at the G-20 protests, what those people did to the RBS office was uncalled for and they should be prosecuted to the fullest extent of the law.

Comment on An Ugly Start to the G-20 Meeting by Lee Down

Lee Down — Thu, 02 Apr 2009 01:05:42 +0000

Just wondering what your slant is on the G-20. And while you say the day was marred by protests, you seem happy to report it and remain noncommittal about the reasons behind the protests and the G-20 itself. Just reporting, or is there more here than meets the eye?

Comment on Enough Already: Bankruptcy for GM and Chrysler by Web Smith

Web Smith — Tue, 31 Mar 2009 19:03:25 +0000

How would you feel, do you think, if you were one of the retirees or depending on health care that you had earned and were entitled to?

Wagoner had implemented a turn around plan that was on the verge of success. He had developed better products, renegotiated his labor agreements, and installed up to date manufacturing processes. He spent a lot of money doing this because he knew that the company wouldn’t survive unless he did.

The one thing that he did not have control over was the economic crisis that has been caused by the banks and legislation. By passing adverse legislation, the government made the taxpayers liable for the banks losses and since the banks are represented by the Fed, the taxpayers are going to pay. Adverse legislation has also caused the taxpayers to be liable for auto company losses, but they don’t enjoy the same situation as the banks so they will be forced to suffer.

The bank business people are well aware that the auto companies are now poised to be successful as soon as the economy recovers and they want back in. They are taking this opportunity to get Obama to put one of their own in charge.

Auto maker problems were not caused by bad management or union contracts. When the companies were doing well, the banks sent their own people in or financed corporate raiders who took over the companies and forced them to issue dividends instead of paying their labor liabilities or investing in R&D and new facilities.

http://ewebsmith.com/bus/investordestruction.html