A brief explanation of the financial meltdown

Fight the power. Hunter Hogan at HunterThinks.com

David Fiderer explains the domino effect in the banking industry: bad mortgages leads to bad mortgage-backed securities leads to huge loses for banks leads to huge loses for insurance companies.

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Cease-fire in Nigeria

Fight the power. Hunter Hogan at HunterThinks.com

The Movement for the Emancipation of the Niger Delta declared a unilateral cease-fire in Nigeria after a week of attacks on oil facilities.

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The bailout is unfair to taxpayers

Fight the power. Hunter Hogan at HunterThinks.com

Allegedly, the goal of the bailout is to buy bad mortgages from banks. The homeowner will still have to pay off the mortgage though. Why not just give the money directly to the homeowners? That would have the same effect for the bank, but it would benefit the homeowners, too.

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Big bailout overview

Fight the power. Hunter Hogan at HunterThinks.com

The government is going to save the banks, the investors, and the CEOs, but not the homeowners.

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