Check out the news my FNC colleague got -- Treasury Department to investigate ACORN (but here is a question for you: why does our government - yes the Treasury - hand out money to organizations and not periodically check to see if we/taxpayers are getting swindled? Why did it take two kids to provoke this? Does our government just write checks on our bank account for their "friends?" [meaning ... read more
(a colleague put this info in the Fox computer)
The House voted 331 to 82 tonight to extend unemployment benefits for up to 13 weeks for American workers who live in states where unemployment is greater than 8.5% -- that's 1/2 of the states in the US. The vote was a suspension vote, and as a result, needed a 2/3rds majority of those present or 276 votes to pass. With 331 - it greatly ... read more
We have been reporting ON THE RECORD at 10pm about Bank of America...and then the shady stunt it pulled on its shareholders and taxpayers. Read the story below....there is (finally!) a criminal investigation. It does not mean a crime has been committed but it says they are looking at it...and that is good....this matter should be examined to see if there was criminal behavior:
click here ... read more
It is hard to feel joyous about some of the good economic indicators when you hear that the unemployment in some states is growing. In 27 states in August it got worse...(improved in 16)...and in Michigan the rate is 15.2% ... read more
Did you see NYT Louise Story on ON THE RECORD at 10pm last night? She has been reporting a stunning story about Bank of America and the S-E-C...and a Federal Judge with guts! Check this out and post your thought. (My though? This Judge could have taken the lazy, easy way out and just signed the order...but no, he is fighting for you! He is the kind of Judge you will ... read more
I don't want to jump the gun...but it sure is good to read so many business stories saying the economy is improving. Yes I know unemployment is still bad but the economy improving will begin to address the jobs crisis. ... read more
If you watch ON THE RECORD at 10pm, you have seen Louise Story of the New York Times twice report about Bank of America and the SEC trying to settle a matter and hide the underlying facts from all of us....a Federal Judge, Judge Rakoff, is holding their "feet to the fire" and is refusing to let them settle the matter and sweep under the rug some really shady conduct. The Judge wants FACTS and ... read more
Maybe Harvard and Yale are not the smarty pants that we thought.....Harvard's endowment (their money) declined 27.3 per cent and Yale's declined 30 per cent ! (I don't know how my alma mater Univ of Wisconsin is doing ...) ... read more
Do you have an interest only loan on your home? If you do, and if you owe more than your house is worth, you could be headed for big trouble. According to NYT there are 2.8 million of these loans. If you have one, you need to start planning right now how to avoid big trouble when the interest free period expires. These loans could send us into another big decline and at a minimum create individual ... read more
September 24, 2009 01:30 PM EDT
Treasury - what took them so long?
Check out the news my FNC colleague got -- Treasury Department to investigate ACORN (but here is a question for you: why does our government - yes the Treasury - hand out money to organizations and not periodically check to see if we/taxpayers are getting swindled? Why did it take two kids to provoke this? Does our government just write checks on our bank account for their "friends?" [meaning ... read more
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