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Archive for February, 2009

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Question of the Day – Online Content

Monday, February 23rd, 2009

I read in today’s Wall Street Journal, an editorial about how newpapers should be charging for online content just like they charge for print editions of their papers. The ONLY paper I pay for online content is the Wall Street Journal. I thought this would make a good question of the day. Would you pay […]


Thursday, February 19th, 2009

Santelli’s Chicago Tea Party. I like this: “The new administration’s big on computers and technology. How about this president and new administration: Why don’t you put up a website to have people vote on the internet as a referendum to see if we really want to subsidize the losers’ mortgages…”

Thoughts on the Latest Mortgage Bailout Plan

Thursday, February 19th, 2009

This comment left by Alan Chen on the Wall Street Journal article about Obama’s Mortgage Bailout Plan, hits the nail on the head (except for the last sentence): This is absolutely disgusting. $275 billion to 5 million people who took a risk recklessly and purchased homes they could not afford? They’re simply GIVING away $55,000 […]

JLP’s Kids and Household Chores Experiment

Wednesday, February 18th, 2009

My wife just came off a plant turnaround. For those of you not familiar with a turnaround, it’s when a plant shuts everything down to do maintenance. Naturally, when the plant is down, they aren’t making product, which means they aren’t making money. In other words, they want it back up and running as soon […]

Miguel’s Question(s) of the Day

Wednesday, February 18th, 2009

Long-time AFM reader, Miguel, sent me this email last night: I was just reading something very disturbing in Paul Krugman’s Sunday NY Times column. Apparently, the Federal Reserve has just released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of American households. And Krugman’s interpretation of […]

SEC Accusing Stanford Financial Group of Fraud

Tuesday, February 17th, 2009

This one hits close to home as the Stanford Financial Group is located in Houston. The SEC has registered a complaint against Stanford Financial Group (, alleging massive fraud. You can read the PDF of the complaint here. If the SEC’s complaint is to be believed, Stanford Financial Group is evil. Read the complaint for […]

Reader Question Regarding Emergency Funds

Tuesday, February 17th, 2009

I received the following email this morning from an AFM reader: Hello, I read your blog (and a few other financial blogs) mostly every day. I read a lot about the importance of keeping a liquid emergency fund for about 6-months worth of expenses. What I have not heard however, is what basis that 6-months […]

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