Clancy's Poolroom

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    • Thu May 1st 10:38 AM | Rating: 0 0
      Commented on:
      Why Did the Treasury Department 'Refocus' the I-Bond Program?
      James, agree with your points, but do you think that the Guv is actually honest in the calculation of the inflation rates? I became a big believer in the Series EE Savings Bonds at the end of last year. The reasoning is that the alternatives for "cash" are a bank account or US Treasuries. With the banking situation being what it is, the FDIC having funds for 1.25 cents-on-the-dollar, I figured that the savings bonds cut out at least two or three middlemen: the bank as a creditor to me; the FDIC and their dubious backing; and the FHLB, who gets first dibs on the FDIC funds in the event of a bank default. I also think the various lower demoninations of the savings bonds versus treasuries are both more convenient in terms of only cashing in what you need, lack of suspicion for having something that looks like "your grandmother gave to you" versus a T-Bill/Bond, and the ability to get it exchanged for cash at any bank. Again, I can be pursuaded to go the I-Bond route if you can convince me that the Guv is not cooking the books on inflation calculation index.
      View article »
    • Thu Apr 17th 12:01 PM | Rating: 0 0
      Commented on:
      Mortgage Resets: Subprime May Be Ending, Option ARMs Have Just Begun
      Who would be the suckers doing seconds or HELOC over FED, DSL, CFC and WM in California - - - WFC, C ?
      View article »
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