I am against the Banking/Mortgage bailout, so the first part of the evening to me was a waste of time.
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Getting to the good stuff:
The second part, regarding energy, and building better infrastructure is where I agree.  I would have thrown the whole $700 billion directly into projects that create better infrastructure, which means better roads, better [...]

Over the past few weeks, we all have been realizing that the major national pasttime nowadays is “find a way to screw the rich guy”. Â
Whether it’s trying to figure out how he didn’t report a personal driver on his taxes, or which drug he had to take to keep his performance up to his [...]

East Coast Economics posted an article, The Fed & Bank Borrowing.  The point of the article is to illustrate the problems in the following 2 graphs.
In this first graph, we can see the money borrowed by US banks from the Fed through December 2007:

Now take a look at the same graph, updated for 2008 (note [...]

CNN hosted Peter Schiff again, during the interview Peter says what he thinks about the bailouts.
He’ saying that people need to work for the money, and we have to work hard.  A “bailout”  won’t fix everything.
Peter Schiff was made famos for predicting the recession on August 28, 2006.  You can see that famous prediction in [...]

Blogging Stocks has a series of posts by Dan Solin, a personal finance expert, on the secrets of how the rich stay rich.  

Rich people know the difference between luck and skill
Rich people know ‘if it bleeds, it leads’
Rich people know the foundation for all returns is risk
Rich people don’t try to outsmart millions of [...]

Edwin Vieira, Jr. tells us how the Fed is able to migrate the wealth of society through the banking system.
The video is short and informative.  Topics covered include:
Fractional Reserve Banking

Banks don’t have enough reserves to pay back everything based purely on deposits
Banks can loan out more money than they have in their pockets
Banks can create [...]

Alan Kohler, of Business Spectator, wrote an article A tsunami of hope or terror?.  The article covers what will happen if more companies go under.
The Breakdown:

A synthetic CDO cataclysm could save the global banking system (with horrible consequences)
Investors and funds worldwide will be collateral damage
Banks paid external entities (usually Cayman companies, or charities) to back [...]

Recently all the talk has been about high level economic terms: recession, bankruptcies, mergers, bailouts, derivatives.Â
The world is focusing on macro economic issues at the moment. How are macro economic issues created?  Micro economic activities.  The everday transactions that we make, all build up into the modern global economy.
The subprime crisis?  It was created on [...]

In the US we have the FDIC which insures deposits up to $250,000 (now, it’s up from $100,000 as of a recent bill).  This is per depositor, per bank.
What does the UK have?
The UK insures their money with the FSCS, Financial Services Compensation Scheme.
If you’re unclear about the details, the FSCS insures payments will be [...]

On the right side of site, you see a bunch of links.  One of which is our “blogroll”, essentially a list of websites that we believe are valuable resources, present unique information, or are amusing.
We highly recommend exploring these links, as we gather some information from those links themselves.
Please let us know with a comment, [...]

We’ve all seen the web sites out there, “How to get rich?”, “I work at home for 5 minutes a day, and make millions”.
Really?  Venues that tell others how to make money, are generally, there to make only 1 person rich.  The person who is telling you they know the secret.  99% of the time [...]

I hadn’t thought of this yet, but Bank of America (NYSE:BAC, 24.40 on 10/21/2008) is now, literally, a Bank of America .  The US government owns a percentage of BAC, along with everyone in the country.  Bank of America depositors consist of about 50% of all families in the US. Â
How will that change banks in the [...]

We all secretly worry about how safe our money is.  After all, why do we use banks?  If money were very safe at home, wouldn’t we just want to hold onto our own cash?
There are multiple definitions of “safe” when it comes to money.  

It won’t be stolen
It will be worth the same in the [...]

We all read the constant press releases which say; our liquidity looks great. Our fundamentals are intact. Our business is not affected by the current crisis.  Then the next day, there is a run on the stock, and the company is closing its doors.
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I believe in doing what people do, not what they say. [...]