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MOB #59 – Financial Meltdown, Bailout Abuses, Mergers & Foreclosures

October 27th, 2008 · podcasts

On this episode of Millionaire or Bust, I started off the show by congratulating Talli for her nomination for Best Health Podcast in the 2008 Podcast Awards and reminding our listeners that if they haven’t checked out Talli’s other podcast, Being Healthy for Busy People, you should. If you like it, you should support it and Talli by voting. Voting can be done once per day until Nov. 6, 2008. So, if you like the show, vote early and vote daily at PodcastAwards.com.

With the congratulations out of the way, we started discussing a week in the financial markets that deserved few congratulations. We discussed the drop in the DOW, the extreme volatility of the market, dropping oil prices and of course the dropping price of gasoline.

We also discussed the bailout, including some developments in how it is being managed that really disturbed us. Of course, part of that was the announcement by PNC of their intention to buy National City and where they got the money to do that. (Hint: It was from all of us.)

Then we discussed a possible impending interest rate cut by the Federal Reserve and a potential second stimulus package sometime next year.

Finally, we dipped back into the deep well of foreclosure news and talked about how bad the situation looks and the opportunities that provides for some and challenges it creates for others.

If you enjoy our podcast, please head on over to iTunes and give us a nice review. If you have some feedback on how to make the show better, shoot us an email and help us improve the show. We appreciate all your comments. Thanks for listening everyone!

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