October 27, 2009

Houston, You Have A Problem…

Yikes. A new assessment of the financial situation of Houston, Texas looks butt-ugly. Uglier than California ugly. Former Big-8 accountants spill the bad news…like: “At June 30, 2008 (date of the City’s last audited financial statements), the City’s total Citywide debt per capita of $5,338 was over twice the $2,528 debt per capita of the […]

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December 12, 2008

Prominent Investor Jim Rogers Says US Banks Are Bankrupt

Jim Rogers, one of the world’s most prominent international investors, called most of the largest U.S. banks “totally bankrupt” yesterday, and said government efforts to fix the sector are wrongheaded. Speaking by teleconference at the Reuters Investment Outlook 2009 Summit, the co-founder with George Soros of the well-known em>Quantum Fund, said the government’s $700 billion […]

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