The Stimulus Plan Update

The response has obviously been overwhelming. Its taken a lot of time, but I have gone through every post. More than 1,400 of them. As is usually the case with any blog post, the vast majority of people don’t actually read the post before they write a response. So the vast majority were dismissed because…

The Mark Cuban Stimulus Plan – Open Source Funding

Its easy to write about what the government or other people should do with our/their money. It’s harder to come up with a course of action that I can undertake on my own that possibly, somehow could make a difference. My first inclination is always to try to look “for the next big thing”. But…

Hire Harry

Can I be the first to say that “Harry is the Man !” Putting the obvious reasons aside, I also want to be the first to suggest that we ask, and beg Harry to accept a newly created Presidential Financial Oversight Advisor position. Is there a better person to make sure that the oversight committees…

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 …

Tech & Misc Ramblings…

1. Youtube has become the defacto innovation killer in the video space. Unfortunately for the industry, if Youtube doesn’t adopt it, it doesn’t exist. Its MicroSoft Windows circa late 80’s, early 90’s all over again. 2. I just booted Firefox to the curb on my PC and replaced it with Chrome (Yes I see the…

Breaking Down Bernie Madoff

Im taking a flyer here, but if they were to put me on the case, the first people I would talk to are the software developers. Somewhere along the line there was a software program written or modified that allowed Madoff to enter the numbers he made up, who they were paying out cash to…

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…

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….

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…

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…