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Q: Weas the bailout really necessary? (Although the Washington big shots would prefer that we call it a “rescue” and not a bailout – right!)
A: We’re gonna give it to you straight: YES…but we don’t think that it is the responsibility of the taxpayers to pay for the bad business decisions made by a bunch of financial companies and fat-cat CEOs, but that’s what we’re all going to be stuck doing.
Aren’t we basically giving billions to the knuckleheads who put us in this mess in the first place, or, at the least, should have seen this mess coming?
This is the same bunch that bought the toilet seats at $1000 a pop…and here we are giving them a blank check to buy mortgage paper that even the so-called “pros” are having trouble valuing?
Frankly, we were glad to see Congress pushing back at the White House and the Treasury Department on this one. Where are the provisions to help regular people hold on to their houses through this crisis? Why aren’t they letting poorly run banks that should fail go ahead and fail, while protecting us by protecting our deposits? That’s how a free market economy is supposed to work. Panicked legislation is not going to solve this problem.
Mutual Fund Double Whammy: How to Avoid the Coming Tax Shock!
If you are a mutual fund investor, click here to read our important tax alert! Read More.
Daria's Advice for the Three Auto "Stooges"
The auto industry is in serious trouble, and a bailout is NOT what the doctor ordered. Here's what's going on - and how to fix it. Read More.
Deflation 101
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Are You Making These IRA Mistakes?
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If Daria Were President ...
Daria talks about her top priorities for a Dolan administration if she were elected.
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9 Money "Deals" You Should Refuse
We want to make sure you don't fall prey to any of these sneaky tricks, so we've put together nine common examples of 'can't miss' offers that you should avoid at all costs. Read More.
Your Guide to Surviving the Financial Crisis
Do you know the keys to surviving a financial crisis? Let's take a look at how you can control what happens to your money.
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The Truth About Your Taxes
Tax season is quickly approaching, which means it's time to take advantage of every deduction available. Check out our new video for the steps everyone should take now.
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Banking
- Citigroup Bailed Out: Is Your Bank at Risk?
- Watch Those Overdraft Fees!
- Alert: What the FDIC Doesn't Cover
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Child Savings AccountsWhen opening a savings account for your child, make sure their Social Security number is used as the account's tax identification number. That way, as long as your child is under age 14, interest earned will be taxed at your child's lower tax rate, not at your tax rate. This rule holds true as long as your child earns less than $1,800 a year in interest. |
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