Citigroup buys out Wachovia.

Just when you thought the worst was over, it gets worse.
The FDIC strikes again in overseeing the sale of Wachovia to Citigroup which will take in $42 in losses. The FDIC will cover any other costs, if any, which will go beyond that. Citigroup did get $400 billion in deposits and the FDIC did receive [...]

McCain “Gets ‘er Done”

A fellow Democrat remarked today that ” In choosing not to be political, John McCain is being political.”  He was referring of course, to his (or should I say his advisor’s) decision to suspend his campaign, and postpone his appearance at the Presidential Debate slated for this Friday night in Mississippi so as  to appear presidential and decisive in [...]

DO NOT WEAR OBAMA GEAR TO POLLS NOVEMBER 4th!!!!

IMPORTANT MESSAGE!
Do NOT under any circumstances wear any OBAMA gear on November 4th. It is a federal law that no campaigning shall be allowed within 100 feet of any polling location. If you walk into the polls with an Obama shirt on, you can bet yourself that they will disqualify your ability to vote. Republicans [...]

SHENANIGANS

It’s that time once again. I smell something bad, and it’s not Sarah Palin’s mooseburgers.
I call shenanigans!
This time I’m calling shenanigans on Kevin, Jay, and Derek. Who are these three? Well they are some ill informed, and sometimes outright absurd St. John’s students who seem to want to destroy Senator Obama’s image.
St. John’s University conducted [...]

Another one bites the dust: WaMu fails!

Yes, on top of all the talks of economic crisis and a $700 Billion dollar tax payer funded bailout (Don’t call it a rescue plan, it’s a bailout) Washington Mututal has failed.
The Federal Deposit Insurance Corporation or FDIC seized WaMu today and then immediately sold off it’s assets to J.P. Morgan & Chase.
This is the [...]

Calling a stunt a stunt

Dear John McCain,
Congratulations, you diverted our attention again!
While it’s great that you want to see a fix on this bailout proposal (I think we all do), you haven’t said what, exactly, you bring to the table in the negotiations, other than a whole lot of TV cameras.
Also, I don’t quite understand why you can’t have [...]

Campaign Bombshell: McCain suspends campaign, wants debate on hold

Republican Nominee John McCain said he has suspended his campaign in order to face this “historic” crisis facing our economy.
Senator Barack Obama came on CNN live from Clearwater, Florida at 4:40 and announced that he called Senator John McCain this morning to talk about the crisis and about the possibilities of issuing a joint statement.
John [...]

Democratic NYS Senate coming soon to a district near you!

The most recent Siena Research Institute Poll was released today regarding the top five most contested races thus far for the NYS Senate. Below is a chart breaking down the percentages of each candidate.

The Republicans are currently enjoying a 30-31 majority in the NYS Senate

St. John’s University Candidate Forum

Last night, I along with a room full of students and community members were treated to a forum of local candidates. St. John’s University hosted candidates ranging from Republican candidate for State Senate Peter Koo to United States Representative Anthony D. Weiner who made a brief appearance to an adoring crowd before leaving for a [...]

What if the bailout fails?

During this brief hiatus I have received many questions asking about when I would blog again. Good news, it’s right now.
Now, we’ve all heard the arguments about the bailout. People inside and outside the beltway have been saying we need to do it. No one is saying that we don’t need this, we all agree [...]