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Congress passed the bailout bill…it was a little different than the first one.

So, on Wednesday the revised bailout bill rescue plan was passed in the Senate. Friday the House voted for it then the same afternoon President Bush signed it. So what happens now?
Well first the markets should become less volatile. It has also raised …

Cash is King.

The global central banks as well as the U.S Federal Reserve, attempted to pour hard cash into the markets today to ease the current credit crisis. While this had a short term rally on US Indexes(nearly everything ended up across the board today), consumers and …

Perhaps things aren’t looking as bad for WaMu.

Even after the S&P lowered the savings-and-loan credit rating today Washington Mutual’s shares rose 16% higher than opening. WaMu was one of the largest profiteers from the housing boom and is now in trouble with the largest mortgage lenders going belly-up. There are even …

Gas Prices…Whats going on?!

Yea…there was a HUGE hurricane to hit Galveston/Houston Texas…but what exactly is going on. There was no significant damage to Houston area refineries, but wholesale gas was trading at $4.75.
I, along with plenty of others, am calling this gouging. Not one of the …

FCC says OK to Sirius’s buyout of XM radio

The FCC ruled on a 3-2 vote that Sirius Satellite Radio can merge with XM Radio. Sirius shelled out $3.3 billion to buyout XM. The FCC says that the merger will be better for consumers in the long run.
The FCC has successfully granted a …