Now the FEDS start to listen to my idea

Lately Federal Reserve Chairman Ben Bernanke has changed his tune and now wants to do more to stop foreclosures. He suggests that the government make bulk purchases of mortgages that have become delinquent and refinance them through a program called "Hope for Homeowners". He also suggests that a loan modification program would make monthly mortgage payments more affordable. Lower the interest rate to 3% for five years. He also suggests that borrowers would pay no more than 31% of their pretax income, instead of the current 38%. This sounds like what I said when they were discussing the Bailout Plan. I said to take the $750 billion and use it to refinance the distressed mortgages to a payment the people could afford. It would have kept the housing market on a little firmer ground. Obviously, what he did isn't working. Unless you count the number of credit card offers you get now as working. DON'T LISTEN TO ME. I'M NOT A BANKING WHIZ THAT YOU ARE. IT JUST SEEMED TO MAKE PERFECT SENSE TO ME WHEN I POSTED THAT IDEA. INVESTMENT FIRMS ARE BORROWING MORE WHILE BANKS ARE BORROWING LESS. Hmmm, I THINK THAT SOME GREAT INVESTMENT OPPORTUNITIES ARE COMING UP. Start doing some stock market research, the time to invest in stocks is coming. Profits will be made. Venture capitalists see hope in young companies. They predict that new products and companies in clean technology, medical devices, wireless technology and other sectors will usher in a new economic era. Remember me saying "invest in technology, medicine, entertainment, and energy with electricity being most important" a while back? Maybe you should go back and read some of my old posts. You just might learn something. Hey Bernanke! If you are going to steal my ideas, could you at least give me a little credit? Just throw out "Hey Kidworks, thanks for the idea!" at one of your press conferences. It would cause the press corps to be dumbfounded and  they just might have to do some actual investigative work. It would be fun. Might just be a bit of cheer that we all could use at this time of year since your last idea was such a winner.

Merry Christmas?

With the economy in the toilet and the future so uncertain, can we still have a Merry Christmas? Charities are facing fewer donations  but more requests for help. Jobs are disappearing faster than McCain after his election loss. Where does it end?  Is a Merry Christmas still possible?  Someone please tell me that it is.......