The Bailout!

4 Oct

Finally, the Congress passed the bailout bill. I, as everyone else, have been thinking about the bill and the consequences of not passing it the last few weeks. I do not know what is right but this is what comes from my heart.

We are today a country of angry citizens because we have been put in a situation that is not our doing. We are today a country of frightened citizens not knowing what tomorrow brings. We are today a country of outraged citizens that a government built on so many checks and balances failed in protecting our finances. We are today a country of worried citizens not sure whether we will have a job tomorrow. We are today a country of incensed citizens that people in charge to the till robbed us blind in front of our own eyes. We are today a nation of infuriated citizens that the people who robbed us blind were bailed out today at our expense. We are today a country of enraged citizens that the very people who robbed us are now in charge of the bailout disbursement. We are today a country of furious citizens that we will probably be electing the very same people who belied our trust to continue the same policies as if nothing happened.

We are today a country of wiser citizens who will hopefully make wiser choices and judgements in the future.


Wall Street collapse – adversity or opportunity?

29 Sep

A miserable day on Wall Street! The Dow collapsed after the bailout plan was rejected by the US House. A part of me knows that we need the bailout plan to save the economy from further deterioration and parts of me disagree with the bailout.


The bill will ultimately pass but not before further discussions, bickering and political posturing. This will drive the Dow to lower levels it has not seen in some time.


Unfortunately, the common man does get affected by this though on the face, it appears like a Wall Street bailout. We all have our 401Ks and other investments in stocks and mutual funds. With the Dow crashing the value of these investments also drop.


Initially it was the mortgage companies, now it is the banks and insurance companies collapsing. With each collapse thousands of honest, hard working employees lose their jobs.


What is the solution to this mess all of us find ourselves in? Nobody has an answer today. However, we need to be optimistic. In adversity lies opportunity. We should keep our eyes peeled and seize every opportunity that comes our way. One of those opportunities is bound to reward but will take perseverance and hard work. So folks, roll up your sleeves and start hunting!

Group Buying!

27 Sep

In our group buying model many people get together and negotiate discounts. For example, if one camera costs $200, then the seller would be willing to sell two for $380, three for $520 etc. In this model both the buyer and seller win.  It is not necessary to have a very large group to negotiate discounts. With as little as three or four buyers you should be able to negotiate a satisfactory discount. However a larger group will always be able to negotiate larger discounts.

Each buyer, even if they buy the same item, have slightly different preferences e.g. someone may like a red camera, somebody blue, yet some others black. However, as long as the items bought are same or similar the group will be able to negotiate a discount.

We have launched just such a product. At you can form a buying group of same or similar items where you can have individual variances to suit your individual taste and style. A person buying a refrigerator can also team up with a person buying a dish washer and negotiate a discount.

The buying group can exchange ideas wnd invite many sellers of their choice to bid on their club business and then negotiate them down further using the negotiate feature. The whole process is fully automated. There is no exchange of money between buyers and all payments are made through the website directly to sellers. You money is safe.

So join and enjoy a unique buying experience that strengthens your buying power at! Get together, buy together!

The 700 billion dollar questions of the day!

26 Sep

These questions come to mind in no particular order.

  1. Deal or no deal?
  2. Stalemate or stupidity?
  3. Politics or priorities?
  4. Waylaid home owners or Wall Street vandals?
  5. Debate or no debate?
  6. Save them or sink them?
  7. Recession or recession?

Nikon Coolpix buying club!

23 Sep

I have formed a Nikon Coolpix buying club on The club will accept a total of five members. Once I have the required members, I plan to invite sellers to bid on my club business and negotiate discounts. In this current environment, a penny saved is a penny earned. With sales being down and going further south, it is the best time to ask and discounts on any product. It is possible that the club may get discounts far beyond what is currently being advertised just to increase sales volumes.

One huge advantage is that the web portal takes care of the money transactions. Members are not expected to pay other members to complete transactions. As the transaction process is very transparent it makes the process stress free. Come and join me and let us negotiate a big discounts

How do we survive this financial crisis?

22 Sep

Ever since the systemic financial crisis has enveloped the markets, I have been wondering what steps should I take to survive the crisis. I listen to sthe so called experts but I never seem very convinced. These are the issues that I have:

  1. The government has spent about $800 billion on buy outs and has asked another $700 billion to “resolve the situation”. Total $1.5 trillion.
  2. The government has no other choice but to issue more debt to pay for this. This makes the national debt in excess of $11.3 trillion.
  3. This would result in the devaluation of the US dollar thereby making everything that we buy more expensive.
  4. This additional debt has to be repaid in some way or form by residents of this country. Would it result in higher taxes? Possibly.
  5. I am told to buy Gold or Silver but can barely pay for gas and make ends meet.
  6. If I stop paying the mortgage would I get a bailout like Wall Street gets?
  7. Do you stop paying my credit cards?
  8. Or should I file a Chapter 11 reorg and proportionately write down my debt?
  9. Is my job safe in the current environment?
  10. Why am I having to worry about issues that I did not profit from?
  11. When Wall Street was doing all this, I was told that the economy is strong while my personal economy steadily weakened. Now why is it my problem? Why do we have to bailout anybody when no one bails me out for my foolish decisions.

I would greatly appreciate your views and thoughts.

The people behind the financial mess!

21 Sep
  • Richard S. Fuld, Jr. – Chairman & Cheif Executive Officer – Lehman Brothers – Total compensation $71.2 million; 5 year compensation – $354 million. Ranks # 11 in compensation.
  • Alan D. Schwartz, President and Chief Executive Officer, Bear Sterns, compensation of $35,734,422, which included a $16,237,150 bonus.
  • Stanley O’Neal, Ex- President Merril Lynch, severnce package – $161.50 million
  • Charles Prince, Ex-CEO Citibank, severence package – $68 million
  • Martin Sullivan – Ex-CEO AIG, severence package – $47 million
  • Daniel H. Mudd – Ex-CEO, Fannie Mae, 2007 compensation $12.2 million
  • Richard F Syron – Ex-CEO, Freddie Mac, For 2007, compensation approx. $19 million