I came across an article on Yahoo Finance that the issue of privitizing social security may not be dead after all. Currently, neither Obama nor McCain want to even mention privitization. With the down market, it’s not a popular plan in the least. However, everyone is aware of the problems with Social Security:
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Written by Matt on October 9, 2008
As I reviewed what was going to be on the Ohio Ballot this year, I came across Issue 5. This referendum would cap payday loans to a maximum of 28% APR. What is appalling is that the current cap is 391% ($15 interest on a 2-week $100 loan).
Unfortunately, the people who use these loans frequently get cought up …
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Written by Matt on October 7, 2008
It’s old news now, but the $700 Billion (actually more than that), bailout bill passed the house and has already been signed by President Bush. It will stabilize some economic concerns, but there are plenty of costs.
What do you think about all this? Post your thoughts in the comments.
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Written by Matt on October 3, 2008
The Senate passed the latest revision of the bailout bill 74-25. It is now heading to the house where its fate is unknown. A Yahoo article points out that the length of the bill has swelled from 3 pages to 451 pages, and it still could grow more in the House. This is all due to adding provisions to the bill to give representatives an out to vote …
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Written by Matt on October 2, 2008
On Monday, the Dow lost over 777 points, the largest point drop in history (though I will also point out that if it didn’t even break the top 10 worst days percentage wise). If you were listening to radio or television, you’d think this was the worst financial disaster in history. The negativity I heard was unbelievable, clearly it’s time to panic!
Not so fast… Here we …
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Written by Matt on September 30, 2008
