The nation’s fury on Bailout ‘charade’!

Follow the link here... to read comments with hundreds of recommendations from registered readers of The New York Times article. "Mr. McCain and his Democratic opponent, Senator Barack Obama, left the White House by a side entrance without commenting." Oops! 😦

Overuse (or misuse) of the word ‘oversight’…

For the longest time I used the word 'oversight' only while referring to inadvertent errors, or omissions resulting from 'not looking at' something. It irks me intensely when 'oversight' is used to express something diametrically opposite to this i.e. to refer to 'supervision' or 'watchful care' (the dictionary meanings). e.g. Taking the ongoing Financial Meltdown … Continue reading Overuse (or misuse) of the word ‘oversight’…

Making sense, after the gobbledegook of financial juggernauts…

In four steps, Paul Krugman presented his view of the current financial crisis: Foreclosures and defaults - a consequence of the burst housing bubble - caused a plunge in the prices of mortgage-backed securities i.e. those assets whose values are derived from mortgage payments Due to the above losses, numerous financial institutions experienced a drying … Continue reading Making sense, after the gobbledegook of financial juggernauts…

Financial Meltdown… breaking the buck!

Update on the Financial Meltdown witnessed in the past few days... not seen since 1994!