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Showing posts with the label financial crises

ROGER SHUMAKER

11/15/2008 6:42:25 AM IT’S SATURDAY!!! Yes indeed, it’s just another day for us retirees. But I always look forward to Saturday as that’s the day that FOX TV has there Business reports. I start my TV listening with Red/Green on PBS at 8:00 AM and immediately switch channels to FOX as I can’t stand that astrologer guy. It’s fun getting all those stock tips, plug them into my computer and await the results. Usually they’re wrong. The only ones I listen to mostly are Neil Cavuto and the chartman, Gary B. Smith. With the stock market going in a roller coaster ride, it’s all important to have good computer software and know what you’re doing before investing in the market. Just ask millions of folks now looking for a job and living hand to mouth. I know .. Sally & I have been there, done that, and it’s not pretty. At least we pay our bills. Now if someone could just go after the thieves who have stolen the folks 401K and made it into a 201K! Who could that be? Let’s start na...

OUR COUNTRY'S FINANCIAL MESS

GA BANKER COMMENTS Written by Jerry Teasley of Pine Mountain , GA former Banker Most of my friends know I have tried to stop thinking, but I can't help it in the wake of all the recent economic news. My banking career started in 1970 and ended in 1993, but I still keep close ties to the industry. During my banking years I did learn one or two things along the way. The problem with our economy today is from a liberal thinking congress, senators, and presidents, as well as greed and dishonesty. When you put these together it spells disaster in any area of our life. Ask any banker (just walk in and ask one that has been there for 15 or 20 years) and they will tell you these are the FACTS: * Under Jimmy Carter we received the Community Reinvestment act. This law says banks have to make loans in low income areas and it has forced many lending institutions to seek to make loans to people in areas that lenders would not normally go because of the risk and low property values. (Sub Prime ...

DON'T PANIC MY FRIENDS !!!

9/26/2008 9:32:07 AM DON’T PANIC!!! I’m speaking of our country’s financial crisis! Don’t panic! That will be my next subject for our public blog. I can only relate to our own financial situation. Other than my filing to file our taxes, in a timely manner, we’re doing quite well. Sally has placed her retirement money in a fund with Roger Shumaker & Co. Their website is now www.retiretopeka.com and I’m a subscriber. I am retired federal service and retired military. I’ll get the same check monthly no matter what happens with our financial institutions. Sally & I have the best of all worlds! We have a little bit of home equity loan to pay off, and then we’re debt free! We’re lifetime members of www.daveramsey.com and I’m trying to set up a church financial peace university here at www.oslctopeka.org , Our Saviours Lutheran Church. When our 50th anniversary is over, I’m going to push on starting a group. So, all in all, Sally & I have the best of worlds. It doesn’t ...