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MacRaven Dave Haxton's Weblog Musings, Reflections, Rants and Comments from a Hoosier Heathen husband, father, grandfather, farmer and software engineer. There's really only one of me ...
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Fri, 18 Apr 2008 Citigroup reports $5.1 billion loss on hefty write-downs Ouch! I wonder how much cash of my money (from my recently filed taxes) is going to be used to bail these idiots out of their mess? AP - Citigroup Inc. lost $5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio. (link) [Yahoo! News: Top Stories] Fri, 18 Apr 2008 08:06 /Politics | 0 writebacks | permanent link Lawmakers take aim at credit card industry Quick! Grab your wallet, Congress is going to "reform" another industry. Betcha that the cure will be far worse than the disease. It always is with government involved... A pair of Democratic lawmakers today urged Congress to pass legislation aimed at remedying what they view as questionable practices of the credit card industry that keep consumers mired in debt. Sens. Carl Levin and Ron Wyden called for action as Americans face rising unemployment and a sluggish economy, CNNMoney.com reports. (link) [CNN.com]Fri, 18 Apr 2008 07:12 /Politics | 0 writebacks | permanent link |
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