Not Sure I Actually Still Have Two Cents… 
The Senate has passed the latest Wall Street bailout costing $700 billion.  That’s a lot of money.  That’s like what Meg Ryan spends on collagen.
The Securities and Exchange Commission has temporarily banned short-selling, the practice of making TV commercials featuring Gary Coleman.
You can breathe a sigh of relief now because it looks like the crisis gripping our nation is ending.  No, the stock and credit markets aren’t settling down.  More important: Microsoft is pulling those Bill Gates-Jerry Seinfeld ads.
The U.S. Mint has unveiled new designs for the penny to celebrate the 200th anniversary of …read more

Fed Adopts Plan to Wrap Borrowers in Giant-size Condoms
The Federal Reserve approved a plan that would crack down on dubious lending practices that have hurt many of the riskiest “subprime” borrowers.
The plan would bar lenders from making loans to panhandlers, bums and hobos. In addition, the proposal would require lenders to make sure risky borrowers set aside money to pay for taxes and insurance, and send bank personnel out to do borrowers’ laundry.
According to Susan Wachter of the University of Pennsylvania’s Wharton School of Business, “Clearly this is closing the barn door after the fact.” Professor Wachter goes …read more