Steadfast Finances

 Financial Crisis, Real Estate         9 comments

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Who would have thought during the peak of the housing crisis that we would witness such a sight as this?
Brand new homes located in a suburban California neighborhood being demolished because they were costing Guaranty Bank (a TARP recipient of bailout funds) too much money in fines to allow the …

 Consumer Education, Financial Crisis, Public Awareness         4 comments

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So how much did the $500,000 salary cap affect the CEOs who received TARP funds? 
A picture is worth a 1000 words. 
Executive Pay/Salary Reductions:

Bank of America’s CEO Ken Lewis – Down 96.5%
General Motors’ CEO Rick Wagoner – Down 95.7%
Citigroup’s CEO Vikram Pandit – Down 82.7%

Ironically, their salary cut is nearly commensurate with their company’s …

 Public Awareness         4 comments

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Texas hedge fund manager Bill Perkins dropped $80,000 — of his own money — to take out another full page ad in today’s New York Times.
Why?
To ask simple, potentially inflammatory, questions about the use of the TARP bailout funds.
Here are the questions to date:
Question #1: Does anyone else find it troubling that a …

 Financial Crisis, Politics, Taxes         No comments

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Normally I give forwarded emails a quick glance and a quicker delete, but today I received this hilarious picture from a friend and had to post it.
I immediately thought — Hey, this is what I feel like as a taxpaying citizen!
If you have ever given a single dollar to the U.S. …