From the category archives:

Silly Government Ideas

If This Don’t Burn Your Beans…

July 13, 2010

Here is a video that has made its way around the internet. Just another example of how taxpayers are being screwed over. Also, this shows why the government does not belong in the private markets as they will be taken advantage of by those in the know.

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Another Silly Government Idea

July 8, 2010

The State of Maryland is offering mortgage incentives for folks whose jobs are relocating to Maryland due to the Base Realignment and Closures (BRAC). The theory is to get people who might rent or commute from Northern Virginia to buy in Maryland. Like most government programs, it sounds good in theory, but it makes no [...]

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The Senate Shows Whom They Serve

May 11, 2010

In a disappointing vote, the Senate shot down the Vitters Amendment that would have required an annual audit of the Federal Reserve. Instead the Senate approved Bernie Sanders amendment, which gives Congress a one-time audit. The Fed should have no problem fudging the books to pass that audit. It would be decidedly more difficult to [...]

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Do As I Say, Not As I Do

May 6, 2010

As we have all come to expect from our elected “leaders”, we are now finding out that many of them have been using inside information to place trades in their personal investment accounts. Now, insider trading is illegal for you and me, but it is certainly acceptable for our elected “leaders”.
Here is a good video [...]

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SNL nails unions and government employees

April 25, 2010

Great skit from SNL last night. What is so scary is this probably isn’t far from the truth. It use to be government workers received lower pay in return for a pension and guaranteed employment. Now, they have phenomenal pay while maintaining their rock solid employment. However, as this crisis unfolds, I think we will [...]

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Why The SEC Failed to Catch Madoff or other Scamsters

April 25, 2010

I took a quick review of the benefits for working at the Securities and Exchange Commission (SEC). I saw the usual benies like medical, pension, tax deferred savings vehicle, two weeks vacation, yada, yada. However, I failed to see this benefit – unlimited porn (hat tip: CaleintheKeys). It appears that many at the SEC weren’t [...]

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New Housing Plan Will Promote Delinquencies

March 26, 2010

Apparently, the government is at it again with housing. Considering the $75 Billion dollar HAMP plan that the government set up for housing has been an abysmal bust, the gubment now wants to forgive loan balances for underwater homeowners. They are going to use $14 Billion of the repaid TARP funds to pay for this.
The [...]

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Missed It by That Much

March 22, 2010

I don’t want to get into debating the recent health care bill. Frankly, I am sick of it. It has been an exercise of watching Dumb and Dumber in an argument without any humor. However, I do want to point out my big sticking point to the plan: costs. The Republican portion of the Joint [...]

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A Power Grab that Hurts Americans

March 13, 2010

Great article about how FINRA is making a power grab to regulate registered investment advisors along with their current oversight of brokers. I have discussed the difference between investment advisors and brokers as well as how the former is regulated by the State or SEC while the latter is regulated by FINRA (see here and [...]

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Federal Government Workers Union Make Wrong Claim

March 7, 2010

When I worked at Coast Guard headquarters years ago, I always heard from the civilian employees how they could make so much more in the private sector. They would make these claims as proof that they are “sacrificing” for the good of the nation. I would just pat them on the back and thank them [...]

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