Friday, August 28, 2009
Did you know that the FDIC has increased the FDIC coverage for depositors to $250,000 per person, per bank? They have these limits in place until 2013. The thing to do is to not put all your eggs in one bank.
The Wall Street Journal has an article on the status of the FDIC and the banks in today's edition. You can read all about it here: http://online.wsj.com/article/SB125137695691263385.html .
If you want delve in a little deeper to see what might be going on with your bank, then you may want to take a look at http://www.financialstability.gov/latest/reportsanddocs.html . Look at the latest TARP report by date. This will give you a list of all TARP recipients and show whether they have paid back their TARP funds. Is your favorite bank in here?
When buying CD's, make sure that your brokerage account is not also buying CD's from the same bank. This would jeopardize your FDIC insurance by potential exceeding the $250,000 limit.
You want to be smart about investing? Then, buy and read my book, Keep Your Assets Take My Advice. http://www.amazon.com/Keep-Your-Assets-Take-Advice/dp/1440126933 You will wonder where I have been all your life.
Monday, August 24, 2009
- State that there is a major problem.
- State that they have a solution to the problem.
- Vilify opponents publicly.
- Vilify major corporations publicly.
- Threaten opponents and major corporations.
- Bring forth legislation to fix the problem.
- Vote in favor of the legislation.
- Ignore constituents.
- Spread the rewards to their cronies.
The problem with the Health Care Reform Public Option is that it affects most everyone. If Congress is passing legislation to build a bridge in some far off state, then that does not really have much effect on everyday Americans. However, health care affects everybody, so people are more engaged on this topic and they are making it known to their Representatives and Senators.
Keep up the good fight America.
I say VTO in 2010. VTO stands for Vote Them Out in 2010! Maybe it should be VTAO. Vote Them All Out!
Sunday, August 2, 2009
The collar bone is painful. I am going to have to visit my personal physician to see about it. I cannot move my arm around without sharp pains.
I marvel at George Hincapie who injured his collar bone and continued to ride in the Tour de France. That guy is my hero. He is tougher than nickel steak. I had an official George Hincapie jersey on which was proudly displaying the Arkansas Razorbacks insignia. I also had a pair of Hincapie gloves on. The Giro helmet saved me from a worse fate. I am very lucky to be here.
I thought I would give you an update as to why I have not blogged in a few weeks. Now you know.
Stay safe out there.