Tax rebates to the rescue!  55% of Americans polled by USA Today/Gallup said they were worse off financially today than a year ago–  that’s up 11% since February..the highest number since Gallup starting asking that silly question in 1976…

News of an exciting and growing new on-line social network that you or a loved one can be tapped for– no sign up necessary!  Here’s how it works:  say you get cancer but like 50 million other Americans opting out of health care you can’t pay your hospital bill — you’re in the new network!!  Once there,  the hospital auctions your bill to the highest bidder!  The new owner of your bill — auctioned by companies like Tricap Technology Group — is your new network buddy!  He’s gonna be on you like suture on a wound…

FORD CEO Alan Mulally makes a gutsy call:  small cars are here to stay!

After 32 years, banker Ken Thomas is shown the door at Wachovia…  The CEO jumped into the mortgage mess with both fee in May 2006 buying a major mortgage maker… and road it down.  Lehman Bros. gets ready to announce quarterly losses in excess of $300 million, and is looking for $3-4 billion shore up …it’s stock is down 50% this year….

Gone forever are the days when the subprimes were golden: NPR reported that at its height banks were making 40% every two months on these so-called securitized debt obligations.. brought them in, bundled them and sold them off… problem would be if you got couldn’t sell that latch batch, as what happened to Bear Stearns… sounds like a pyramid scheme, but that would be illegal….

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