Archive for December, 2008

Ghetto Banking (Bank of Frank and Wells Fargo)

I recently took a friend to buy a car. Went into the ghetto car dealer’s office to find out about financing a loan for the car, they ran her credit and it came back approved by some ghetto bank that wanted to charge a financing fee. The sales manager told us he would find a better loan and he picked up the phone; he explained the situation, listened, and hung up. He turned to my friend and said that Frank would carry the loan if she paid sticker price. We left.

A few hours later over at Wells Fargo she was turned down with above average credit for a loan of three thousand dollars. The loan officer seemed very surprised; he thought it was no big deal. I’m scared, I had no idea the loanable funds market was so contracted that above average credit micro loans were considered subprime. Is Wells Fargo next?

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Obama Picks all Washington Insiders for his Cabinet (SO MUCH FOR CHANGE)

Okay maybe it’s change… but it’s a few steps backwards. His cabinet picks read like a who’s who of the 90’s, a center right shift to friends of Bill Clinton. And, Instead of calling his appointees Washington insiders, the President Elect calls them Washington experience. So much for “Change” … maybe “Hope” will do better… make sure you know what you’re wishing for… (and voting for)

Secretary of State -> Hillary Clinton (Former First Lady, Junior New York Senator and Serious Presidential Primary Contender)
Secretary of Health and Human Services -> Tom Daschle (Former Democratic Senate Majority Leader)
Secretary of Commerce -> Gov. Bill Richardson (Former U.S. Ambassador to the United Nations, appointed by Former President Bill Clinton)
Chairmen of Economic Recovery Advisory Board -> Paul Volcker (Former Chairman of the Federal Reserve, Appointed by Former President Jimmy Carter)
Secretary of Defense-> Robert Gates (Current Secretary of Defense Appointed by President Bush)
Secretary of Homeland Security -> Gov. Janet Napolitano (Former Bill Clinton Appointee)

That’s the first half – the President Elect hasn’t leaked/announced the second half of his Cabinet yet.


Action is Everything

Total Commitment
Accept No Excuses
Never Surrender - Never Relent
Resist Ignorance
Survivability is Security
More is Never Enough
You Are What You Do
More and Faster
Self Sufficient Is Inefficient


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