OICUAM2's Page

I highly encourage you to watch the PBS Frontline program called The Warning.

It is about how a woman tried to warn people that unregulated derivative markets within the financial system was not a good thing.

However, many people within the government (especially Allen Greenspan) subscribed to the philosophy that there should be a separation between the government and the market. This is the laissez-faire ideology that holds that the market will regulate itself while creating the best outcomes… Continue

I enjoyed the interview with Bill and Melinda Gates on Meet The Press this morning.

It is nice to see someone who has done well in business turning his attention to charitable works.

I didn't realize that Warren Buffet had given so much of his money to the Gates Foundation.

One of the main things I took from the interview is that there is a place for everyone and all institutions to get involved in the process of making the world a better place. Gates was very supportive of capitalism, but he… Continue

Well, it was announced today that the United States lost close to a half million jobs last month. It was also announced that the national unemployment rate is now close to 9 and a half percent.

The reason I wanted to write something about this is because the numbers don't do justice to the reality. It wasn't just a half million jobs that were lost. It was millions of jobs being lost with millions fo jobs being gained that resulted in a net loss of a half million jobs.

For the millions of peopl… Continue

PBS's Nightly Business Report has a new interview with Warren Buffet. He talks about the economy, his philosophies, and the Obama Administration:

http://www.pbs.org/nbr/site/research/learnmore/090122_buffett/