I always find new blogs interesting whether they are about fishing or any other subject. It’s kind of fun to watch what they thought they were going to do eveolve into what the site wants to be. I’m sure the blog on fishing will evolve too but I don’t know what direction it will go.

I do know one thing. I’d like to be able to trust at least one fishing blog or forum to help me find fishing gear and to give me the lakes where fish are biting and what the latest and greatest tips and technolgy are. Lots of place pretend to tell you great info but they haven’t used the stuff they advertise or even fished the lakes they talk about. That’s not good info, that’s just crap.

Hopefully this fishing blog will be different and evolve into a helpful place instead of just a place out to make money from unsuspecting fisherman or fisherwomen. It would be nioce to have some true and verifiable information instead of just rehashing what companies say about their products. At least then you’d have a goo0d idea what fishing products work and which fishing products don’t work.

Because some of these guys are my friends I’ll be watching the new fishing blog with lots of interest and undoubtedly if I don’t like the direction they go with it I’ll have something to say about it here. Yes, I know, it’s new so I’ll give them a few months but after that they will be fair game just like every other site on the net. Check it out, bookmark it and after a few weeks let me know what you think. I’m going to let you know what I think.

Now comes the kicker, Toyota has a huge loss this year, just like GM, Ford and Chrysler. Seems to me that GM is running it’s business just as Toyota is. Perhaps congress would like to explain why Toyota also has a business problem this year. Nah, didn’t think so, congress just wanted to play bully to the car companies.

The economy is headed for even worse times, more mortgages are going into default, more homes are being repossesed and the downward cycle continues as some people who were lucky enough to refinance are now being repossesed also.

Sheesh, I read about one guy who couldn’t make his payments and asked to get refinanced. By the time the bank got through refinancing his loan his payments went up over 300 dollars a month. If he went into default with a payment 300 bucks lower why the hell do they think he won’t be right back in repossesion again in a few months. Does this make sense to you? It evidently does to congress.

IMO congress shoud have told the banks to go to hell, just like they did the car companies. Screwem, they’re the ones who caused the credit problem to begin with. Congress should just pass a law that says all banks and financial instutions have to refinance ALL MORTGAGES at 4.5% interest or less.

IOW any mortgage that is currently higher than 4.5% must be refinanced and the option is there for those who are paying less but need to refinance and are willing to do so at the 4.5% rate. Not only must the mortgage be at 4.5% or less, the new mortgage must be for the current market value of the house. Not the old inflated market value.

This would help homeowners who are in a huge bind because the banks knowingly loaned them money they knew was unlikely to be repaid. However the banks didn’t partuclarly care because they bundle all those mortgages into a package and sell them to someone else. This means the bank gets their money but the financial institution they sold them to takes the loss. Where’s the problem for the banks and why do they need to be bailed out?

Had congress mandated refinancing at the 4.5% rate we’d have a lot less people being thrown out of their homes and a lot less housing on the market, which is driving house proces down. Better to keep the people in their homes than give money to the fat cat institutions that caused the problem to begin with.

Once again congress does the stupid and did it with almost no thought t all. Had they put as much thought into the financial institution bailout as they did with the car companies we probably wouldn’t be in this mess. Of course if congress hadn’t removed almost all rules regarding interest rates, removed almost all rules regarding capitalization of said banks and financial institutions we wouldn’t be in this mess either.

Congress, being the greedy bastards they are, should have understood that the financial institutions are just as greedy and shady as congress is. Of course if congress did anything that the financial institutions perceived as harmful all those who voted for it wouldn’t have gotten the big campaign contributions. Yep, greedy bastards at congress could have avoided this whole mess just by writing rules to hold the institutions accountable.

So lets throw all of congress out, lets refinace all mortgages at 4.5% or less and lets let the financial institutions eat the loss. After all they deserve it.

Well, today the govt decided the credit card companies were/are raping you and they’ve dcided to pass some new regulations to prevent your rape. They even admitted that perhaps regulations were a little lax. A little lax? Sheesh, govt speak for uh, we didn’t have the people to monitor what they were doing.

Sheesh. So the govt admits you’re getting raped and passes some regulations against it. But, is the govt rally concerned you’re being raped? Nah, matter of fact, they just sanctioned your continued rape until the new regulations take effect in 2010.

So the govt now knows you’re being raped but it doesn’t really care as it’s going to allow it to continue for another 18 months. To bad they don’t seem to nderstand the credit card companies that are raping you are part of the problem with the financial mess in this country.

The rates they are now allowed to charge and the practices they’ve been doing would have goten you thrown in jail 30 years ago for racketeering and loan sharking, at the least. Probably some federal conspiracy charges as well. When and why did it become legal for the credit card companies to rape you and why is the govt continuing to sanction it even when it knows it’s wrong.

Perhaps all of this is why we are going to have a Democrat for president?