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Saturday, April 24, 2010

April 24, 2010, Bob Brinker's Moneytalk: Summary, Excerpts and Commentary

Posted April 24, 2010....Bob Brinker hosted Moneytalk today. The big topic (and almost the only one) was Goldman Sachs and the whole sub-prime mortgage loans meltdown, political punditry, etc.

Most of the opening monologue was devoted to Goldman Sachs' emails. Fox News: "Goldman's Internal Email Released."

Brinker's miscellaneous points today:

* Expect the Federal capital gains rate to go to 20% on January 1st, as "Obama is proposing" (it's 15% now).

* Be sure all of your deposits are covered by FDIC Insurance.

* For deposits larger than $250,000, see

* Brinker said: "Those making a big deal about inflation are wrong." (Core rate is now 1.1%.)

* A "third party" dedicated to fiscal responsibility is needed.

* I-bonds will probably reset to 1.84%.

Honey EC:
Last week Brinker was emphatically for Obama's "financial reform." He went so far as to say he wouldn't vote for anyone who was against it. It's interesting how eager he is to always hand more power over to the government without even knowing what is meant by "reform."

One caller mentioned the SEC porn scandal today, but Brinker had little to say about it. I guess it didn't occur to him that any branch of government might be to blame. Some of the SEC employees make as much as $220,000 a year and spend most of their time looking at porn online.

Brinker's Saturday guest-speaker was Vicky Ward:

Dixiegeezer took these pictures at Sarasota Jungle Gardens in Florida. Click to enlarge -- very beautiful:


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