Reap What You Sow

Am I completely off by thinking that one of the root triggers of the current financial collapse lies within the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?

Credit card companies lobbied heavily to get it passed. It ultimately resulted in monthly minimum credit card payments to double for most people.

Apparently, they didn't learn a thing either.

Do the Math

I've bitched about this on Twitter before, but I am tired of hearing that the cost of the bailout will be around $2k per person.

The cost is going to be covered by tax payers. There are around 140 million tax payers in the US. That's around $5k a pop.

• Just watched The Mentalist. It's got potential. #
• Maybe I shouldn't have reset my mom's skype password, just in case the dumbass who stole her laptop manages to get it going. #
• Stop, Showertime! #
• @RussB Good morning. That's why I have a wife. That sounds bad, but it's true. I cook, she cleans. #
• We already decided on pulled pork barbecue sandwiches for dinner. 6 hours in the slow cooker… Better get to the store soon. #
• Retweeting @rww: Pandora Issues a "Call to Arms" to its Listeners tinyurl.com/4gu2wl #
• FoodTube: YouTube for Food Recipes tinyurl.com/54j9v5 #
• Watching the debate now, since I feel asleep during last night. #
• Erik's Weblog: Twits Du Jour tinyurl.com/4yroa7 #

• @RussB Don't be so sure, considering how fast you're spending money. ;-) #
• Synology is sending a replacement fan for the DS207+. Impressive tech support response time for a change. #
• Erik's Weblog: Costco: Obama or McCain tinyurl.com/5xdj22 #
• Lunch at Red Robin. #
• @RussB Already spedning that hard-earned cash, I see. #
• Just sent another picture of our cat's ear to the vet. 2 weeks of antibiotics didn't do much. Surgery is pretty much innevitable. #
• This Synology DS207+ fan noise is going to drive me up the wall. I gotta find a solution. I emailed them, not expecting much. #
• @RussB Start by putting $50 or more in your savings account. Financial freedom is a state of mind. #
• Erik's Weblog: WaMu - Congratulations! tinyurl.com/5xarzd #
• Erik's Weblog: Twits Du Jour tinyurl.com/3jfn67 #

I received this notice from Washington Mutual, yesterday. Talk about eery timing.

In all fairness, I get this type of notices on a somewhat regular basis.

• having dinner at Applebee's. Must be Thursday night. #
• Interesting, with the fall of WaMu, it is the third time* in recent years than one of my account has been *moved* to Chase. #
• Only problem with the DS207+, the fan is really loud. Looking at ways to solve that problems. #
• Kings of Leon's new album sounds pretty darn good right now. I had never heard of them until I saw them on SNL. is.gd/38OF #
• DS207+ is all configured. Copying files now. File transfer speed is about twice what I nomally get with the LaCie Ethernet Disk Mini. #
• Just unpacked and installed the two drives in the Synology DS207+. Installing firmware now. So far, so good. #
• Shower, then I have to run some errands, and if I get lucky, I'll get some sleep. My sleep schedule is totally out of wack. #
• Dropbox: Store, Sync and Share your files online. Nicely done. tinyurl.com/4nvrvl #
• @RussB Mornin', Russ. #
• Okay, I'm tired of this. 700 billion divided by 140 million tax payers is 5K per. Not 2K or whatever else I keep on hearing. #
• It's funny how all of those *financial experts* on CNN, etc. don't understand how we got into this mess. Some kind of experts they are. #
• Back from cable diving under my desk. No matter how tidy I try to make it… It's still a mess. #
• Erik's Weblog: Twits Du Jour tinyurl.com/3qhhrf #