Can you stand it! The US and other governments are feeding billions in our money to prop up companies in the financial market and other arenas who have failed to manage their risk. Now in addition to ridiculous fees we are charged, the government is stiff arming us to "donate to the cause". Where will it end? Nobody knows, but the journey will be chronicled here.

Thursday, December 11, 2008

American's Net Worth Drops Like Never Before

Consumers watched their net worth fall for the fourth quarter in a row as it dropped by $2.8 trillion, or 4.7%, to $56.5 trillion, dragged down by huge drops in home values and in the stock market. It was the largest decline in the 57-year history of the report.

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