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Status check

Word from our financial adviser:

Stocks finished the month of March with the best 1st quarter performance (and the 2nd best of all time) in 13 years. And even the unemployment rate has shown it's biggest 4 month decline in the last 17 years. That doesn't mean "all clear" bell has been rung, but it does show that the bullish trend is still in place/

And the news shows that TARP is being paid back earlier than expected, and cost us a lot less than the S&L debacle under Reagan.

So, how's all that hopey-changey stuff working? Not too badly, it seems. At least we're trying to climb out of the hole instead of digging it deeper.

I'm sure there will be a lot of different opinions on that. Personally, I'm pissed that not one single person on Wall Street has gone to jail for the mortgage meltdown three years ago. But I'm glad we didn't go yee-hahing into Libya, at least.

Comments

( 3 comments — Leave a comment )
dhlawrence
Apr. 5th, 2011 04:23 am (UTC)
Mine are recovering as well, though we didn't sink quite as far as you guys did. Research in Motion is still adrift sadly.
torakiyoshi
Apr. 5th, 2011 05:27 am (UTC)
One of the things about TARP that bugs me is that some banks did not want or need it, but the feds forced them to take it anyway. My bank (Wells Fargo) was included in that, and paid off their TARP funds almost immediately.

On the other paw, you have banks like Chase, who not only steamrolled Washington Mutual, but when it went public that they were involved with Madoff, they started charging all WaMu's customers monthly fees for holding accounts there.

The whole TARP system is crap, because it punishes my bank for doing things right, and Chase gets rewarded for being a wretched hive of scum and villany!
deckardcanine
Apr. 5th, 2011 01:49 pm (UTC)
Cute yawn.
( 3 comments — Leave a comment )

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