Happy New Year!!!!
Posted 01/04/2010
on:The opportune is back for 2010..!!!!!!!!!!!!!!!
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Ann Coulter is on TV blabbling about how the liberals are responsible for the things that are happening. We know she always try to push boundaries always writing provocatively to get attention. Whoop called her out on that during the episode, saying “its an act”
Watch and enjoy!
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Who would have thought the Clinton’s would have come and gone from New York Society, its not like they were native New Yorkers anyway. They moved in because of Hillary’s ambitions and we grew to love them anyway as New Yorkers. To celebrate how much we love the Clintons Mayor Bloomberg had the power couple lower the New Years Eve Ball which is a tradition in New York City.
It will be sad to see the Clintons go, now that Hillary will take tackle her new public service role of Secretary of State and will be travelling the world and mostly based in Washinton D.C.
Civil war, US will break up! seriously well Russian Professor Igor Panarin seem to think so. With the economy almost in shambles. Looks like someone is predicting what happened in the former Soviet Union a few years ago for the United States. I am no political expert but in the United States we don’t live in states based on different ethnic groups as the for Soviet States did. I would find it very hard to believe that New York or say California becoming its own country.
The professor even predicts how the country would be divided into four regions. He states to the Wall Street Journal that, “There’s a 55-45% chance right now that disintegration will occur,” he says. “One could rejoice in that process,” he adds, poker-faced. “But if we’re talking reasonably, it’s not the best scenario — for Russia.” Though Russia would become more powerful on the global stage, he says, its economy would suffer because it currently depends heavily on the dollar and on trade with the U.S.
To read more about this article check out the Wall Street Journal
This Will Make You Laugh!
Posted 12/29/2008
on:This Funny or Die Website has really caught our eye since the whole Paris Hilton/John McCain debacle earlier this year when John McCain in his presidential cam
paign compared then presidential hopeful Barack Obama
to Paris Hilton. Hilton took to funny or die to attack John McCain.
Rebecca Romijin and her husband Jerry O’Connell took to the site to spoof their pregnancy!
Enjoy!
2008 took away your Money!
Posted 12/29/2008
on:- In: Money
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2008 prove to be a very interesting year thus far for the US Economy. Wall Street was brought to its knees this year as the US Financial system almost broke down. Earlier this year when Bear Sterns fell we had no idea that this was going to be the beginning of the end for the prestigious Wall Street Banks, but Main Street Banks were not immune to this crisis either.
The Markets were also at an all time high until consumers started defaulting on their Mortgages and it all came crumbling down or so the financial experts say. Investments banks had bets on Mortgages really bad Mortgages and boy it they all fall down. JP Morgan Chase quickly took over Bear Sterns with the help of the Government. Indy Mac Bank was closed by the FDIC. We watched as long lines stood outside the doors trying to find out how they could retrieve what could be their life savings. As I watched this terrifying scene played out on my television set I though to myself how could the bank allow such a thing to happen, how could they allow the approval of loans that most of these people could not afford. Some blame lack of regulation or lack of common sense but we blame it on greed. The Banks want to maximize profit so bad, the brokers who put through the deal want to make a quick buck so bad and in most cases the consumer who just bought the home hoping the price of the home would go up so they could sell it at a higher price (Flip). Some even blamed the government for the lack of regulation
As the year went by we saw Lehman Brothers Bank failed, apparently no one rescued them, Merrill Lynch was acquired by Bank Of America. A lot of people lost a lot of money with Lehman Brothers going down many went from riches to rags, and the jobless rates climbed. Banks virtually stopped lending money to clients which prompted congress to approve a stimulus package of $700 Billion dollars to inject into bank holding companies and stimulate the economy. We have never seen treasury secretary Henry Paulson so often, he was on TV everyday trying to get things in order. Goldman Sachs and Morgan Stanley which were the last standing traditional investment banks became holding companies so they could get a piece of the $700 Billion dollars.
The most interesting showdown was between Wells Fargo and Citigroup over troubled bank Wachovia. It was first announced that Wachovia was to be taken over by Citigroup but then Well Fargo came in the last minute and took Wachovia from citigroup. Citigroup was cash strapped, Wachovia had $400 billion in deposits which would help a ailing Citigroup which was at the time taking a pounding in its stock price. It went from the fifty dollar rage a year ago to a low of the $ 3 range.
For Joe six pack who does not understand what all this means what do we do if all the banks are going down and now one really knows what to do. Should we take all our money out of the banks and leave it in our basements.
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We were all excited about Sundays game between the Philadelphia Eagles and the Dallas Cowboys. The Cowboys loss the game but what we did not know was that Dallas Cowboys QB Tony Romo Collapsed in the Shower after the Cowboys were defeated. Romo reportedly had bruised ribs, but we are glad that everything seems to be Ok with him.
According to People Magazine, Romo spoke to Dallas Morning News telling them Um, you know, I was just a little banged up, I guess.”