Day Two: Geithner Tightens Transaction Transparency – By DIANA GOLOBAY – … announced a new policy of posting investment contracts for future transactions on the Treasury’s Web site within five to 10 business days. The campaign, which he said will bring accountability to the TARP and allow taxpayers to monitor the terms and agreements of [...]

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To Our Clients, Colleagues and Friends,  

Covenant School beat Dallas Academy 100-0 in a basketball game last week.  The winning coach was fired, presumably for being unsportsmanlike.
Now that Bank of America owns Merrill Lynch, let’s look at comparable compensation levels.  The average Merrill employees earned $247,000 last year v. $75,500 at the BofA. We realize that [...]

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“You can sleep in your car, but you can’t drive your house.” Ford lost many billion for 2008, and with the recent run-up in mortgage rates, maybe you can get a car loan at less than 6%. Because it seems that 30-yr conventional fixed-rates are up at the 6% level again, at the mortgage-banker level, [...]

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The US Post office is requesting that they no longer delivery mail on Saturday’s as a way to save money. Makes sense to me. With all of these lay-offs (Kodak is shedding 3,000 jobs), closings (Starbucks is shutting down another 300 outlets, leaving ex-mortgage bankers with no choice but to drive farther for a latte), [...]

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