Spending as it shouldn’t be.

Somehow I don’t think this is an innately good thing.

170 Billion borrowed from the Federal Reserve... and expected to grow.

The Federal Reserve invests money into the banks to prevent another Great Depression.

Economic collapse of America averted?

Or maybe only 100 Billion.

But don’t you worry- There’s only a 5% chance of that happening, and only a 50% chance of all tax payers having to fork over $192 each in order to ensure that the companies can continue profiting off of us. Maybe my math is wrong, and maybe there are more that would pay  (300 million Americans).

Don’t be so angry. This can only help us in the long term. Just remember, it’s only $83 from each of us. Consider it an investment for your kids. You don’t want your children having to pay UNDER inflated home mortgage rates do you?

http://money.cnn.com/2008/07/22/news/economy/cbo_gse_rescue_costestim/?postversion=2008072216

Update: It’s now “up to” 300 Billion. What is an extra zero really?

http://money.cnn.com/2008/07/23/news/economy/housing_bill/index.htm?postversion=2008072309&eref=rss_topstories

This is relatively old news, but still important nevertheless.

With home market in turmoil, the next big slice of home loan news has hit the fan. The government wants to bail out the two big names in home mortgages: Fannie Mae and Freddie Mac. The two companies can’t pay their bills and instead of our government letting market forces work themselves out, they want to make sure that the tax payers help out the big business in their time of need.

“The government officials said that the administration had also considered calling for legislation that would offer an explicit government guarantee on the $5 trillion of debt owned or guaranteed by the companies. But that is a far less attractive option, they said, because it would effectively double the size of the public debt.”

The New York times has one of the many articles on this incident:

Edit:

It looks official. The government has pledged its support for the lending companies. It’s insane; and more of the same.

Some good news here folks:

The Associated Press is writing that the Government of Iraq is spending money on the people by actually giving money to the people. They’re doing this the old fashioned way by handing it out to them on the streets.

In a nation ravaged by constant war, the investment of money into the people of the nation makes some of the most sense. This is of course besides the normal amenities that cannot be paid for (health care, schools, et al).

In this writer’s opinion, it is very similar to what the British Government did after World War II. The British Government gave people free health care and made sure that the war would not destroy the proud nation. Is the war done according to Iraq?

I’m proud to present malinvesting.com to you today. This is the culmination of several years of news resources that have accumulated into my brain and dictated how the government has, and is currently wasting countless of dollars on non-essential services, and investing into areas that produce a negative return. Everything that the Government invests into is an investment for the people, and I hope to give you the best of this information throughout the rest of our history as a nation.

Thanks

-Mike