Category Archives: political

01 Apr, 2009

Mark-to-Market for dummies

Lets say you own a 1988 Dodge Aries K-car.  Its got 157,000 miles on it.  It is pretty banged up – lots of dents, rusting paint and when you start it up, black smoke comes out of the tailpipe.  You would love to sell this but there are not many buyers for Dodge K-cars and [...]

By jsaluzzi | Comments (0)
18 Mar, 2009

Outrage=Smokescreen

How many times have these congressman expressed their “outrage” over the AIG bonuses.  Where is the outrage over the entire $180 billion that was given to AIG?  The money is gone.  It was given to Goldman Sachs and other banks that were on the other side of AIG’s credit default swaps.  The govenment didn’t bail [...]

By jsaluzzi | Also posted in Uncategorized | Comments (0)