Welcome to MelsGoal

Important Note:

Opinions are fun. My friends tell me I am someone with lots of opinions and that's fine since I don't get mad at others when they disagree with me. In this same spirit I am interested in hearing yours views as long as you are able to share your views without boiling over. I look forward to hearing from you. I tend to write in the form of short essays most of the time, but contributions do not need to be in this same format or size. Some of the content here will date itself pretty quickly, other content may be virtually timeless, this is for the reader to judge.


Displaying 21 - 25 of 25
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Why do I have to help pay my neighbor’s mortgage?

Posted at: Feb/22/2009 : Posted by: mel

Related Category: Economics,

Okay, so I have played by the rules. I have a fixed loan on my home, I did not lie about my income level, I put a reasonable amount down and I can afford the payments. So I did all the right things and now the Obama administration is proposing a tax payer funded mortgage bailout. This is one of those double-edged swords where we really don’t have a choice. Don’t misunderstand me, I believe ver.....read more…

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The End of the Road for Pontiac

Posted at: Feb/21/2009 : Posted by: mel

Related Category: Economics,

I heard today that GM (General Motors) has announced the end of the road for the Pontiac brand. I guess we all saw it coming so there really isn’t any surprise here. GM has far too many brands and therefore, far too many models for the current market. In the last 15 years many of these brands have blended to the point where the only difference between some Pontiac and Chevrolet models are the c.....read more…

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What’s wrong with “Too Big To Fail”

Posted at: Feb/12/2009 : Posted by: mel

Related Category: Economics,

There are a lot of good places to point fingers at while we stare at the disaster that used to be our American Economy. I believe strongly in capitalism. In capitalism if you are successful, you succeed and grow, if you make bad choices, you lose and potentially become a vague memory in business history. Yet our financial industry spent decades gobbling each other up until we were left with a fe.....read more…

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What happened with home loans

Posted at: Feb/02/2009 : Posted by: mel

Related Category: Economics,

I am all about ownership, and I feel the problem we are facing now is a result of a lack of ownership. For most of the last century a home mortgage was a partnership between the homebuyer and a bank. The buyer wanted the house and the bank was going to own the loan for many years so they had a vested interest in making sure the buyer was good for the loan. In the last 15 years or so we have cre.....read more…

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Concerns over the Bail-Out

Posted at: Feb/02/2009 : Posted by: mel

Related Category: Economics,

I have grave concerns over the usefulness of the Bail-Out that Congress is pushing. We have a consumer driven economy and if new monies do not find their way into the hands of consumers, then we are really only shoring up the balance sheets of large financial institutions. I don’t know what the right answer is, but giving banks more money to cover existing loses doesn’t seem like a good solution.....read more…

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Thomas Edison
The best thinking has been done in solitude. The worst has been done in turmoil.
 
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