Here is a link to an article by Bud Kennedy, a local writer. It appeared in the Star Telegram yesterday. It is well worth reading, especially to those trying to bridge the cultural gaps between Fort Worth and Berkley! Here is a sample quote:
“Berkeleyites will eat Texas barbecue, she [Kelly Cash, a [...]

On a quiet day, may I suggest that you take the “who is the best candidate for you” test. I thought it was fun and my result was not what I anticipated. Here is a link to the test which takes only a few minutes.
http://www.vajoe.com/candidate_calculator.html
Have a safe New Year’s celebration! [...]

The news of more write downs does not seem to have created even a ripple in the news. But to some, 5 extra billion for Citigroup’s write downs really is news worthy. For the record, the write downs are now: Citi at 18.7 billion, up from 11; 11.5 for Merrill, up from 6; and [...]

As you know, if you have been reading the news or our blog, the Federal Reserve’s answer to the “cash crunch” has been to infuse money and lower interest rates, thus encouraging more lending — at least according to conventional wisdom. The problem that exists is that these measures may not change the mood [...]

Ever hear of that old adage? It’s the first thing that comes to mind when you read the recent case In Re: Michael White and Brenda Joyce White out of the Northern District of Texas, Dallas Division decided on December 7, 2007. With all the publicity the mortgage housing industry is getting lately, [...]

The Fed has made short term loans more attractive to its member banks; however, they are still loans which have to be paid back — with interest. The question is: is this action going to spur bans to make more loans?
Quote:
“The Fed announced that the interest rate on the short-term loans will [...]

If you will search the blog’s earlier posts, you will find several articles tracking the Fed Chairman’s thoughts and actions on dumping cash into a declining economy. He is at it again, this time with an injection of 40 billion in response to the market drop yesterday. The drop was as a result [...]

I am not making this name up. The Wall Street Journal has reported that the big banks, perhaps in conjunction with the UK’s large banks (who are being asked to participate by UK’s market regulator, The Financial Services Authority) are setting up a pool (to start with 100 billion) to help save Structured Investment [...]

The role of the Federal Reserve is the subject of this interesting “debate” between Congressman (and Presidential candidate) Ron Paul and Fed Chairman Bernanke: http://www.ronpaullibrary.org/document.php?id=974 . On this link, there is both a transcript and the video (upper right of my screen — maybe yours too) of the questioning. I will also note [...]

Although it has not been widely publicized, those banks most affected by the mortgage mess, sub prime and otherwise, have quietly increased their borrowing from the Federal Home Loan Banks. One could say that these below market rate loans have propped up Countrywide when perhaps it should be feeling pain over its self inflicted [...]