OCT 1929, again?

Well, maybe not, though with banks failing it is reminiscent of the saving and loan fiasco of 1989. Perhaps the worst awaits us in 2009. Seems to be years ending in "9" that get the investors and markets spooked.

With less than a month to go before a rather unusual election we are faced with a financial crisis of extreme scope. If the Fed bails out the banks, then our banking system is nationalised. Hmmm Socialism, that stuff the Democrats seem to embrace so willingly even if they will say anything to call it by another name. Speaking of Democrats, it was on their watch that this crisis happened. Sure, they're trying to blame President Bush. You'd think our own congress doesn't understand the concept of seperation of powers as defined in our constitution! Congress is the body that wites the laws and regulates trade and taxes. The President only serves to watch congress in this respect to approve or veto legislation passed by both houses. Since Democrats are the majority party, they could have seen fit to step in at any time since JANUARY 2008 to control the situation. But, no, they were as much on the take as the institutions they were supposed to be watching, Fannie Mae and Freddie Mac (Institutions created during Democrat party majorities), having recieved campaign funds directly from both now defunct organisations.

eBay's community boards...the Worlds most expen$ive BBS!!!

For all you eBay members perhaps you should look into the eBay "community" boards. On a per capita basis it has got to be the most expensive semi public chatroom ever! Almost every category has negative comments about eBoneheads latest policy change of the month. Watch eBay stock dwindle along with its seller (and subsequently its buyer) base. seems every week, the stock hits a new low. Follow the new CEO John Donahue's clueless direction of the worlds LARGEST auction site down the path of finacial ruin! WoW! Once in a lifetime opportunity to witness firasthand the demise of the best thing to happen to the internet, a demise brought about by 40-something nownothings in the business world! A must see for any fledgling entrepenuer, just ask Pierre M. Omidyar the founder of eBay if eBay is the same company he founded back in 1995. Of course Mr. Omidyar is a multi multi millionaire who could care less that his company has sold it's soul to the devil. He even agrees with John Donahoe. So much for entrepenurial spirit.

80 Days Without a Budget.....almost

78 days and counting.

Will we get to the magic milestone?

Until Gov Schwartzenegger actually SIGNS the budget, we are still without a budget.

The Beginning of the End for Ebay

Ebay used to be a fun place for sellers to list those items you didn't need anymore. In the process you (and eBay) made a few buck. But with their Draconian "Paypal only" policy complete with a mandatory 21 day hold on your funds while you ship items to a seller who can still leave YOU negative feedback (while You can not leave neg feedback for deadbeat sellers). With the new management at greed-bay who seem to desire nothing less than to poorly emulate Amazon.com they have decided to literally screw the sellers who made eBay what they are today. As of October the new policies go into effect become eBay "law" by Jan 1, 2009. Interestingly, eBay's stock is diving faster than the general downturn in the Dow Jones experienced today (which was a mere 504 point drop in one day, ouch!!!). Perhaps eBay will have to listen to the market and realise that they have performed the ultimate blunder in a sagging market by squeezing out their "bread and butter"- the sellers.

California Legislature Continues on Record Breaking Path!!!

Wow, who'd have thought our esteemed state legislators could and would break every record in the country for delinquent budget! Unfortunately, there is NO Guinness record for longest delay in passing a budget. Perhaps we should create a category just for Kalifornia!

Job Well Done!!! No wonder our state has fallen to the #10 spot from the # 7 spot as economies are rated. You guys (especially those Democrats) deserve to lose your State seats in the next election. Keep up the budget fiasco till November and I GUARANTEE that you will NOT get re-elected!