Marty: A Catch-22 for the US Housing Bailout
Saving the housing market is a Catch-22. The phrase defines a no-win situation; someone is going to have to pay more for the distressed mortgages than the homes are currently worth.
Marty: After all the pomp, there’s a lot of work ahead
Today is the inauguration of Barack Obama, who will be the first president of the United States who is biracial, at least that we know of. He won't be the last. Journalists are covering the historic event like a blanket and there is little room for an amateur like me. I wasn't invited to any parties in D.C. and I don't know what the beautiful people will be wearing, eating, drinking or what they will be dancing to, but there are observations worth making from afar.
Marty: Budgeting and the right thing to do
No one should be too proud or provincial to adopt the good ideas of others; that's a key strategy used by most successful people. During this year's discussions of football coaches, the analysts pointed out the large number of successful coaches that sprang from the Bill Walsh branch of the fraternity. Each successful coach added their own ideas, but the basic principles they learned long ago have not changed.
