The jobless numbers which were reported today are still very troubling. You can read the full story at: http://www.marketwatch.com/story/jobless-claims-drop-38000-to-550000-2009-08-06
In spite of the Obama administrations attempts to get people to swallow more debt with the Cash for Clunkers program, the fact is the economy is in terrible shape. Mayber a new car and a big pile of new debt will help soften the pain. There is always that "new car smell"!
Instead of stacking up the bills, the only thing that will help is stabilizing the economy and cutting back...on everything.
AIG former chairman Hank Greenberg, who at one time was going to sue the US Govt for the loss of value in his AIG stock has now settled with the SEC for accounting hanky panky for the sum of $ 15 million. It just never stops. Read the full story at: http://www.marketwatch.com/story/greenberg-to-settle-sec-charges-wsj-says-2009-08-06
Richard Sites
