It may be one of the signs of the apocalypse when influential Republican senators start recommending nationalization of businesses, in this case banks. It’s like a Democrat going off on an anti-abortion tirade: it’s just not supposed to happen. So when it does, the press takes notice. And the financial press jumped right into this fracas, in many cases encouraging it. In … [Read more...] about Damn commies!
Credit where it’s due
Neither a borrower nor a lender be. If you’ve been reading the news lately, this other famous line from Hamlet probably rings true. The current financial crisis is putting a strain on one of America’s favorite sources of easy funds: credit cards. Even before the crisis hit, some banks were raising fees and establishing “penalty rates” for late payment; now those already high … [Read more...] about Credit where it’s due
Ray of hope
I happen to be a New York Giants fan; last year they won the Super Bowl, seemingly out of nowhere. Unfortunately, as a practicing tax CPA I spend more time watching Congress than the NFL and most of the sudden changes there turn out to be rather unpleasant. So it was another wonderful surprise when Congress included major improvements to Solar Photovoltaic Tax credits as part … [Read more...] about Ray of hope