This post will be entirely off topic from what the rest of this blog is about, but right now I just can't bring myself to care about anything else. You see, about a week before Thanksgiving, I came home from class to find that my wife had packed her things, and my son, and was planning on leaving.
After four and a half years, everything that I thought I knew about my life and where it was going suddenly vanished. I had plans... ya'know? Plans for the future. A bright and happy future with my wife and my son. Finishing my BA and going on to get my Masters degree in Professional Communication, than helping American renewable energy companies market their products both here at home, and to China. I had plans for my sons future, for his education. Now I'm not so sure how to make it all happen.
A semester ago I was looking to the future with optimism, trying to create a plan for my family for the next five years. Now, I'm looking at the past trying to figure out where I went wrong, and when I look to the future, it's clouded and filled with uncertainty. Not knowing if I'll still have my parental rights as a father a year from now is heartbreaking.
Since that day that I found out everything had changed, I've been trying my best to find and put back all the pieces. Attempting with some level of naivety to save a crumbling relationship. I've made offers of family counseling, trial separation, and anything else that I can think of. However, the only option that I've been given is a straight and final divorce. How did I not see this coming? Where the hell has my head been while my spouse was slipping away from me?
I have no answers to those questions, and even less hope that I'll ever have those answers. For now, everything that I thought I knew about life and love has been thrown out the window. So I'm left standing here, all alone, with naught but a ring that's lost it's luster, and a very small shred of my sanity that remains.
Monday, December 5, 2011
Tuesday, October 25, 2011
Once again banks shift bad investments to the American Taxpayer
Link to article-->: http://problembanklist.com/fdic-to-cover-losses-on-trillion-bank-of-america-derivative-bets-0419/
Once again banks are attempting to shift the potential losses of bad investments over to taxpayers. After receiving a downgrade to it's credit rating by Moody's (ratings agency), Bank of America Corp. is trying to shift the majority of it's derivative holdings to it's child companies that operate under the FDIC.
What this means is that those potentially high-risk investments will leave taxpayers on the hook again for the poor decisions of another "Too Big to Fail" bank. Once BoA's credit rating was downgraded, the counter parties to those derivatives requested an increase in collateral for the bet. Which is understandable, since it works much in the same way that if your credit was bad your bank would require a larger downpayment and higher interest rate on the loan you applied for.
As we saw in the economic meltdown of 2008, the derivative market is an incredibly volatile one that over-inflates the value of the "good" and can lead to excesses in bad investments and poorly managed risk. One of the reasons why AIG went downhill is because of it's derivative holdings exploding in their faces, thus creating the reason for their bailout, and one of the many reasons for the enormous debt of the United States.
PLEASE PLEASE PLEASE READ THE ARTICLE THAT I HAVE LINKED HERE!!!! If you aren't sure about the information presented in the article because it looks and sounds so outrageous, please continue on to the links provided in the article. It's all there, from an explanation to why the derivative holdings is greater then the total amount of GDP produced by the country, to why taxpayers would be once again put on the hook to take the hit for these risky investment deals.
The reason it looks and sounds so outrageous is because it is. All the information is accurate (if you don't believe me please do the research before you decide that it's false), which is why it feels so ridiculous.
Here is the link again---->: http://problembanklist.com/fdic-to-cover-losses-on-trillion-bank-of-america-derivative-bets-0419/
Once again banks are attempting to shift the potential losses of bad investments over to taxpayers. After receiving a downgrade to it's credit rating by Moody's (ratings agency), Bank of America Corp. is trying to shift the majority of it's derivative holdings to it's child companies that operate under the FDIC.
What this means is that those potentially high-risk investments will leave taxpayers on the hook again for the poor decisions of another "Too Big to Fail" bank. Once BoA's credit rating was downgraded, the counter parties to those derivatives requested an increase in collateral for the bet. Which is understandable, since it works much in the same way that if your credit was bad your bank would require a larger downpayment and higher interest rate on the loan you applied for.
As we saw in the economic meltdown of 2008, the derivative market is an incredibly volatile one that over-inflates the value of the "good" and can lead to excesses in bad investments and poorly managed risk. One of the reasons why AIG went downhill is because of it's derivative holdings exploding in their faces, thus creating the reason for their bailout, and one of the many reasons for the enormous debt of the United States.
PLEASE PLEASE PLEASE READ THE ARTICLE THAT I HAVE LINKED HERE!!!! If you aren't sure about the information presented in the article because it looks and sounds so outrageous, please continue on to the links provided in the article. It's all there, from an explanation to why the derivative holdings is greater then the total amount of GDP produced by the country, to why taxpayers would be once again put on the hook to take the hit for these risky investment deals.
The reason it looks and sounds so outrageous is because it is. All the information is accurate (if you don't believe me please do the research before you decide that it's false), which is why it feels so ridiculous.
Here is the link again---->: http://problembanklist.com/fdic-to-cover-losses-on-trillion-bank-of-america-derivative-bets-0419/
Tuesday, October 18, 2011
Sunday, October 16, 2011
Occupy Santa Cruz - Bank of America refusing to close account
Found this little gem today. The mere fact that a bank can tell someone that they can not close an account with the company because that individual has expressed their distaste with the company and it's practices is a violation of market economics.
The bank manager tells the individual trying to close her account that: "You can't be a protester and a customer at the same time." If that is the case, then the bank is required to hand over any money and assets that it is currently holding for the individual.
Bank of America is taking the position that it is in their best interest to hold and utilize customer assets even after the customer has expressed that they do not wish to be a part of the bank anymore. Does this seem like a violation of business ethics to anyone else? Or is it just me...
As is usually the case with shady practices the bank manager refuses to provide an adequate reason for not allowing this person to close her account with the bank. Towards the end of the video they find out that if they come back later without signs, then they will be allowed to close their accounts. Since when has it been acceptable for a bank to tell one of their own customers that they are not allowed to close their account because of their personal involvement in ANY activity?!
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