- Katy Perry kissed a girl and she liked it!
- The Bank of America bailout bill to be signed on Saturday. Er, I mean, the bill to help those folks struggling to make their mortgage payments... The bill — regarded as the most significant housing legislation in a generation — is designed to help an estimated 400,000 homeowners escape foreclosure by letting them refinance into more affordable loans backed by the Federal Housing Administration.
- So, homeowners refinance their existing mortgage, with the cash going to BAC or whoever, and then get into an FHA loan backed by .... the taxpayers. Right?
- Washington Mutual shares slip further. "Washington Mutual, the nation's largest thrift, is facing a challenge that will ultimately impair its ability to earn excess returns in the long run," wrote Morningstar Inc. analyst Jaime Peters in an investor note this week after the quarterly earnings report. "But before the company can worry about the long run, it must get past some major short-term problems."
- Oil down again. Of course, who gets the credit for that? Decreased demand? Threats of more US drilling? T. Boone Pickens' informercial on windmills and natural gas? Speculators jumping into financials? All of the above? Anyways, looks like if the trend continues, they won't be able to give the stuff away! Who needs oil anymore?
- You think your gasoline bill is high? Wait until you see your electricity bill when you buy an electric car and plug that baby in every night! (And if everyone does that, then I wonder if we'll see lots of blackouts on the power grid?)
- So if holding a cellphone next to your head is a bad idea, what about sitting in an electric car?
- Lunch? Mexican!
