I had wanted to write this during the last week of December, but I was pretty busy.
The Federal Reserve Bank has refused to make public where the bail out money has gone, who's gotten the money, and what is has been used for.
In October/November I wrote Senator Feinstein opposing the bail out and I got a nice letter essentially telling me that they knew best and she was supporting the bail out.
Well, it did not work. But at least the the Governmnet and Banks should let us know what happened to the money.
Businessweek (Dec 29, 2008/Jan 5, 2009, Pp. 024-025 ) has an article how much money the banks have received and the Federal Bank's decision to not disclose who's received the money and for what reasons. For more info read http://www.bloomberg.com/apps/news?pid=20601109&sid=aGvwttDayiiM&refer=home
Thursday, January 1, 2009
Welcome to 2009
Happy New Years everyone. Although 2008 was rough and 2009 looks difficult too we have to remain optimistic, persistent and with hope and faith that we will make it through 2009.
Goals for 2009:
1. Find ways to cut costs:
--do you need all services from Cable, DSL?
2. What about your gym dues. Are really using the gym? If not cancel it.
3. Don't eat out as often
4. Invest in your IRA/ROTH/401k/Sep IRA upto the your company's match.
5. Network and stay in touch to find a new job if you get laid off.
6. CUT CREDIT CARD USE.
And write your Senator/Congressmember at the Federal/State level and force the banks to be accountable since they are living at our expense now.
Goals for 2009:
1. Find ways to cut costs:
--do you need all services from Cable, DSL?
2. What about your gym dues. Are really using the gym? If not cancel it.
3. Don't eat out as often
4. Invest in your IRA/ROTH/401k/Sep IRA upto the your company's match.
5. Network and stay in touch to find a new job if you get laid off.
6. CUT CREDIT CARD USE.
And write your Senator/Congressmember at the Federal/State level and force the banks to be accountable since they are living at our expense now.
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