Personal Finance And Investing Archives: March 2009
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28 March 2009
A Different Kind of Stimulus – Rewarding Our Troops
President Obama has been struggling to sell America on the efficacy of his stimulus plan. While we are looking for “shovel ready” projects to which to direct our stimulus dollar, why not look at our troops? Increased spending and benefits to soldiers would be a public good and morally rewarding.
Is spending money on benefits for soldiers less appealing than spending it on bailing out banks?
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17 March 2009
AIG and Populist Rage
Populist rage is all the…well…rage. Everyone right now is outraged over how much people get paid to do their job poorly, or how much more some people have than everyone else. Now of course you can make arguments that the income distribution of modern society is counter-productive, but one key question is:
Why Do We Care RIGHT NOW?
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9 March 2009
Is the Debt Snowball an Atkins Diet?
While I run the risk of alienating a lot of low-carbers out there, I’m choosing to use Atkins as an analogy because I think there are a few parallels between the diet and my reluctance to endorse the debt snowball approach that is currently en-vogue. Generally the accepted science on Atkins as of this writing is that while it is very effective at weight loss, the long term benefits are not entirely clear. This largely equates to why I don’t advocate the debt snowball approach.
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5 March 2009
Handling the Bank Bailouts
As of this writing, the Citibank closed the previous day’s trading at $1.20 per share. This gives them a market capitalization of just over $6 billion dollars. Specifically, this means all the common stock of Citibank is worth $6 billion dollars. In November, the US Government “injected” $20 billion and guaranteed $306 billion of Citibank’s assets. Citibank has been “bailed out” repeatedly and has had a total of $45 billion of taxpayer money channeled to it. This leads to one simple question:
How is Citibank Solvent?
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