No Sympathy For Detroit’s Collapse

I have an economics professor that is such a hippie-liberal-douche, it pains me to hear him speak. Every now and then, though, he says something completely uncharacteristic that I agree with. Being that it is my 8am class on Tu/Th, it leaves me with the rest of the day to ponder.
We give the Detroit Big [...]

The $25B Detroit “Bailout” You Don’t Know About

While we were all watching our parents cry over their lost retirement accounts and House Republicans decided not the bail out the rich - I was expecting stigmata or the seas to turn to blood. Instead, I found a little blurb on CNN that noted a $25B loan to the auto industry that was quietly [...]

2010 Chevy Volt to ‘Save Detroit,’ Looks F’ing Stupid

General Motors revealed today, on its 100th anniversary, the 2010 Chevy Volt–the car that’s expected to ’save Detroit,’ where the American automakers have seen steep decline in sales with the rise in gasoline prices and more affordable, fuel efficient cars coming out of Japanese companies. Cool, you might think. Saving US automakers is a good [...]

Top 5 Reasons to Not Feel Sorry for Tom Brady

Poor Tom Brady is out for the season and now we learn that he has an ACL and MCL tear, which will take him about 9 months to get back to any kind of athletic position. Tears? Angst? Hold onto that for a moment. Tom Brady is not hard up for your sympathy just yet.
1. [...]

Fannie Mae and Freddie Mac: Do you get it?

Let us begin in the beginning…
Freddie Mac’s full legal name is the Federal Home Loan Mortgage Corporation and Fannie Mae is the Federal National Mortgage Association.
Fannie Mae was created in 1938, under President Franklin D. Roosevelt, at a time when millions of families could not become homeowners, or risked losing their homes, for lack of [...]

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