The Top 10 Reasons

1. Well, it actually is kind of official today that Fannie Mae and Freddie Mac are bankrupt. CNN has the low down on why it happened. The unfortunate part is that they really are not bankrupt. I think its interesting how two organizations that were started by the U.S Government are now being bailed out by the U.S Government. It really makes me want to say “WTF?”

2. Fannie Mae and Freddie Mac were set in place to help free up more money for banks to lend too. In the good old days, banks could only lend in mortgages what they had in their own accounts. As an example, the money they could lend would come from the money you deposited with them for your checking or savings account. The bank would pay you a small rate of return on your money and would lend it out. This is

1. First off, I wanted to start with that I do not support John McCain or anybody currently on the ballot. The person I wanted to vote for dropped out because he kept to his word that if not elected as the Republican candidate he would not run as an independent. I will not tell you who it is now but at the end of this. I am not a Republican or a Democrat. I believe that when you pick a political party you really are segregating yourself from helping the country do anything productive. I pick no allegiance except for the person that actually wants change and will help all Americans not just the ones who vote for them. The sad thing is that there really is no difference between Democrats and Republicans as you can see by the last couple of elections. The final results come out to

1. Right now around the country your home is taxed based on a percentage of what the value or home is worth based on what the county assessor thinks it is worth. As an example lets say your local county government has a property tax of 1% and your home was assessed at $300k. You would pay $300k x 1%= $3000 a year in property taxes.

2. This is a great system for the county when property values are going up because as your property value goes up the amount of money you pay in property taxes goes up. The county government does not look bad at all because they did not have to raise the percent to bring in more money, it was the market that did it.

3. For the most part people do not complain about paying a little more in property taxes because they have been

1. The Detroit News posted an article talking about Governor Granholm proposing to lower speed limits on Michigan freeways due to high gas prices. This is dumb.

2. I remember in the past 10 years I have seen gas prices go from $.99 for MIDGRADE to $4.17 for REGULAR as of today. If driving slower to save gas was such an issue why did no brainiacs think about this when gas hit $2 then $3 a gallon. The reason is cause we own a car to be able to get from place to place faster not slower.

3. In a previous post of mine about speed limits I talked about how we need to get rid of them so people can get from place to place faster.

4. Let’s leave it up to the people to decide how slow or fast they want to drive, not tell them how fast. Get

1. If you have a mortgage on your home you do not own your home. The bank does. Its kind of like you co-signed with the bank on the property.

2. If you miss 4 payments on a mortgage the bank has the right to kick you out of your home. They really do not want to, but you gave them no choice. This really sucks if you had owned the home for a number of years and have built up some equity. You don’t keep the equity unless you can sell it before the foreclosure proceedings start.

3. It is said that owning a home is the “American Dream” but its really a pain in the butt. If anything is broken or needs maintanance its coming out of your pocket. With all of this upkeep the home really owns you.

4. If you ever have default on anything

1. Low interest rates benefit people who have lots of debt. I don’t like debt and don’t carry it.

2. The things that are affected the most are car loans, credit cards, and home equity lines of credit. If you have good credit you are going to get good rates as it is. Even if you do have good credit your credit card rates might only drop from 15% to 12%. Actually credit card companies don’t have to lower anybody’s rates if they don’t want too.

3. Lowering rates hurts people who are financially smart and save.

4. I have watched my online savings accounts with Ing Direct and Emmigrant Direct drop from an easy 5.25% being earned(pretty good for a normal savings account) to less than 3%. Thanks for nothing Fed.

5. If rates were higher it would force people to save more when they are looking to put additions on their homes,

1. I would become the man.

2. I do my best to stay away from the man.

3. Not that many people get fired. Even if you do bad they still keep you at the same pay rank but move you into a less important role.

4. With everybody knowing what you get paid because of rank or level the competition for a promotion can be fierce.

5. Even during a recession the government is hiring which is crazy seeing that the private sector in a whole is not.

6. I am in favor of a much smaller government and for me to take a government job I would have to know that at least 5 other jobs were eliminated to save the tax payers money to pay my salary. This will not happen.

7. I have not found a government job yet that does not have a pension plan. Would be