Obama

Can you believe this ass hole? He is the picture of why affirmative action was wrong. When being black is the only qualification a person has the result is an embarrassment. Flip flop on Guantanamo, nationalize the banks, tax and spend, spend and tax what a way to ruin the country. He has started a class war which is typical of communists and Muslims. In this at least he is consistent, communists and rag heads have always sought to better their inferior standing by attacking another class or caste. When will Americans wake up?

Waxman is a Jerk

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Safe High Yield Transaction

So where do we put our "safe money"? I use to think Muni's were a good idea because of the unique tax features but with all the turmoil in economy I now question their stability. The ability to service mounting debt with increased municipal service demand at the local level is making me nervous. Bank CD's seem questionable because of the limits on the safety net and relatively low returns. In searching for alternatives, I have recently been looking at traditional stogy instruments that have tax features, stable issuers, and comparatively high yields. Some of these seem to combine all the components to make them a good choice for stability, safety and strong comparative performance. I am continuing my pursuit of finding a good place for my safe money but I think I have found one or two that yield 6.4% before tax for a five year commitment with a number of other interesting features.

AAA Financial Rating

Isn't it ironic that just when you need a Triple A rating that it goes away? GE and Berkshire Hathaway, Warren Buffet's business home were rated Triple A until last week. Just like the super tranche Mortgage Backed Securities [MBS] that AIG backed with Collateral Default Swaps [CDS's]. I know that things change but if the rating is only good when things are good what the heck is the meaning of Triple A? The answer it seems is very little. Investors and institutions rely too much on the financial ratings for decision making and not enough to the fundamentals. The rating agencies have enjoyed way too much power and protection in the past. They are paid by the firms that they are rating and can turn on a dime if things go pear shaped, so what is the point?

Bill Richardson

Governor Richardson pulled out of the appointment to be commerce secretary in Obama's new regime. Bill is being investigated by the Feds to determine if he personally benefited from state contracts that were let during his watch. I personally think he should have stuck it out with Obama so that the new president could use his honeymoon period to flex his political muscle and force the appointment. Looking forward this could help Obama pave the way for all of Obama's future appointments. The new president could use this Bill Richardson power play to grease the skids for all of his unscrupulous and questionable friends down the road. What a lost opportunity.