Emergency Economic Stabilization Act: Draft

The purposes of this Act are— to immediately provide authority and facilities that the Secretary of the Treasury can use to restore liquidity and stability to the financial system of the United States; and to ensure that such authority and such facilities are used in a manner that— protects home values, college funds, retirement accounts, [...]

WSJ: One Trillion Dollars

I copy a Wall Street Journal article in it’s entirety here. Amazing:
Last week, as federal regulators seized Washington Mutual in the largest U.S. banking failure, Congress was grappling with whether to spend $700 billion of public money to fix the financial industry’s troubles.
Lawmakers’ initial reaction to the Treasury Department’s staggering request: shock. That sum amounts [...]

US Economy Collapses

I don’t even know what to say… My mind has been absolutely racing all week. For the past 2 weeks. The Economy is collapsing following the largest bank failure in US history:
The financial system could face a meltdown of 1929 proportions unless US politicians succeed in their efforts for a $700bn rescue [...]

Scottrade: “Settled” Accounts

I’m frustrated. When I opened my Scottrade account I was looking at this market and drooling. There are great deals to be made buying and selling actively (once the market settled down in a year I’ll develop a more long term approach. So I had bought Proctor&Gamble (PG) and Johnson&Johnson (JNJ) and then a few [...]

Master’s of Social Work

Licensed clinical social worker: A social worker trained in psychotherapy who helps individuals deal with a variety of mental health and daily living problems to improve overall functioning. A social worker usually has a master’s degree in social work and has studied sociology, growth and development, mental health theory and practice, human behavior/social environment, psychology, [...]

Wall Street Crumbles as a Dozen Banks Fail

Pete sakes alive! Has it been an exciting week on Wall Street! Banks are crashing left and right. BANKS! First it was Bear Sterns that went under, Freddie Mac and Fanny Mae, Indy Mac, JPMorgan helping out with government assistance. Wachovia is looking for a sweetheart deal, maybe with Morgan Stanley. Then we had Washington [...]

Last Semester Kick-off

 
I know I haven’t blogged in forever. And I’m not going to tonight. I’m too tired to write a decent comprehensive update on what’s been going on. For now I’ll just catch you up a bit.
 
I went to Jamaica, the Caymen Islands, and Mexico on a cruise and liked it a lot. If you’re a [...]