My Idea to Help the Economy and the Credit Crunch

Consumer savings are way up.  Doesn’t more savings mean more money in banks to lend ? Isn’t that a good thing ? Here is an idea for you. Create rewards for putting those savings in lending institutions, and reward the institutions for lending it out.  Make the interest earned on savings accounts  and CDs  …

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The Cubs

With all the support and encouragement I got to buy the team, I think its appropriate to share the  decision making process behind what happened and why. Buying the Cubs was a unique opportunity to own one of the most storied franchises in sports.  Its a team that represents so much to so many, with…

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What About the Bank BailOut Money ?

Lots of articles in the past few days wondering what the banks are going to do with the bailout money. Its of course a legitimate question. The response of the banks has been that the cash goes into a pool of capital and you cant segregate the new capital from the bailout capital. Fair point….

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You Know Chrysler is Toast Because..

The CEO takes out a fullpage ad in the Wall Street Journal today to thank the American Public for “investing” in Chrysler. Lets see, is there anything more idiotic than spending more than 100k dollars on a full page ad “thanks for letting me waste your money ” ad ? Does it make it worse…

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The SEC, Madoff and XBRL

You probably have never heard of XBRL. If you havent, and you are the least bit interested in how regulatory agencies can avoid future Madoff  like events, and in government transparency for our bailout tax dollars, you should take a minute to get up to speed on what XBRL can do. XBRL is a version…

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We Don’t Need an Uptick Rule

This is a simple issue. It used to be that you couldn’t short a stock unless there was an uptick. The idea was that this uptick rule would prevent short sellers from piling on a stock and driving the price down. Then the uptick rule was removed. It became permissable to borrow shares of stock…

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Quick Solution to a Detroit Auto Bailout

In reading all the discussion about the possibility of a bailout of GM, Ford and maybe Chrysler, it appears to me that no one has asked and answered the fundamental questions behind the issue. First let me say that this is not about the quality of cars they build. I just bought a Ford for…

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