Monday, March 16, 2009

President Obama Moves To Open Credit for SBA, and Block AIG Bonuses

President Barack Obama today announced he will move to purchase $15 billion in SBA loans. This should immediately unfreeze credit lines to SBA. Hence, opening lines of credit to Small Businesses. He points out that community banks have been unable to raise funds to loan to the small business sector. He says in this way he hopes to help the millions of small businesses who are shouldering the burden of the poor economy.

President Obama then turns conversation to AIG. The insurance giant who keeps coming back for more money to Washington. AIG that claims to be too big to fail. Obama says he is poised to block executive bonuses at AIG. Obama is quoted as saying, "This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay. How do they justify this outrage to the taxpayers who are keeping the company afloat?"

So, maybe there is hope of someone taking the reins of spending foolishly.

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Sunday, March 15, 2009

Ron Silver Dies

BreakingNewsOnAP: Actor Ron Silver has died in New York City after a two-year battle with esophageal cancer. Born July 2, 1946, he passed on March 15, 2009. Ron Silver is best known for his roles in Tunnel Vision (1976), Lovesick (1983), Garbo Talks (1984), Eat and Run (1986), Enemies: A Love Story (1989), Reversal of Fortune (1990),
Mr. Saturday Night (1992), Timecop (1994), and The West Wing(2001-2005).

In February 2008, Silver began hosting The Ron Silver Show on Sirius Satellite Radio, which focused on politics and public affairs. The show aired live at 9–11am ET on Indie Talk, Sirius 110.

Robin Hood Found To Have Been Real, With A Twist

It appears Robin Hood may be a real person whom lived some 550 years ago. A book at the Library of Eton in Britain houses a note in Latin from a cleric which mentions Robin Hood. The quote says, "Around this time, according to popular opinion, a certain outlaw named Robin Hood with his accomplices infested Sherwood and other law-abiding areas of England with continuous robberies." The monk seems less than generous to Robin Hood as to being a nice man who stole from the rich and gave to the poor.

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