
Regulators to run IndyMac until buyer found – Yahoo! News via kwout
All that is missing is the sound of the trumpet and the appearance of the four horsemen for the banking system.
Update 7/14/2008: More info.
11 Friday Jul 2008
09 Wednesday Jul 2008
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Federal regulators prepare to tighten mortgage rules – Los Angeles Times via kwout
Where were these geniuses when the bubble was inflating? What’s the saying? Close the barn door after the horse has departed.
24 Saturday May 2008
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It’s been a while since I wrote anything about my search for personal financial software for my Macintosh.
Mint, a financial web site, works with any OS. I’m using this site once a week or so to get an overview of where I’m spending. My family income is easy, I have a job and so does Gary. I do like this site and I recommend you check it out. It’s free. Now they are adding investment accounts. I’m in the beta program, I’ve used it all of one time so far. There is a great view which lets you see performance of your investments vs. the Dow or S&P or Nasdaq as a multicolored line chart. Extremely cool.
iBank, an OSX financial program. This is my electronic checkbook and credit card account tracker. It can import Quiken .qif files, which my bank and cc card web sites can produce and download. This program works well, worth the $60. It can save your data in an encrypted form (do this!, especially if you use a laptop) requiring a password to open the datastore. The UI is pretty and very Mac-like. iBank has an investment account piece which I have not been able to figure out, but that’s not what I’m using it for. If you use OSX and have had problems with Quicken for Mac, try iBank. I think there’s a limited free trial.
12 Tuesday Feb 2008
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Should You Walk Away? – Educate Yourself On Your Rights If You Face Foreclosure. Our Website Can Help You. via kwout
There’s a web site called youwalkaway.com that tells people how they might benefit from mortgage foreclosure. Strange what one can stumble upon on the web, isn’t it? My own take is that people who were trying to get something for nothing by flipping houses and are now in financial difficulty earned what they’ve received. And for lenders who loaned money to those they should have known could not pay it back, well, these lenders are not going to be paid back.
I hope that these losses are not socialized to those of us who were honest and responsible. But I suspect some kind of federal bailout is coming our way, at our expense of course. This is even more likely if we wind up with a Democratic president and a Democratic congress. I’m glad I own gold 🙂
06 Wednesday Feb 2008
Dave Pollard comments on Harvard Business Review’s list of breakthough business ideas. As usual, I find Dave’s ideas deeply interesting.