allan bataiff's (allanbataiff) Blog

No I am not alluding to the current chief executive. Newsbusters.org reports that President Obama has appointed Van Jones, a self-avowed communist, as the Green Jobs Czar. This Whitehouse position is without constitutional basis. But aside from that troubling fact, why would President Obama make ...

Could the fate of the auto industry also befall the real estate industry? General Motor's recent bankruptcy filing surprised me. The multi-billion dollar stimulus package was designed to avert bankruptcy. Or so we were told. Nevertheless, General Motors faced its inevitable demise and in the proc...

Is it time to look north to our neighbor? Unlike most banks in the United States, Canada's banks are not experiencing gut-wrenching adjustments. A main reason is that Canada does not have a heavy regulatory hand that forces its banks to engage in high risk loans to promote equality of outcome. Wi...

The current Administration's one-dimensional approach to solving America's economic woes is simply to print trillions of dollars to "invest" in public works projects and social programs. Of course, what our elected officials and media are not telling us is that five to ten years from now the doll...

Human emotion is a powerful force. It can subdue our ability to reason and lull our common sense into hibernation.  Yet we often succumb to it because of the warm sensation that follows. We experience it when we assist the person holding a cup on a boulevard median, or when we rescue a stray dog....

Did anyone notice the politicos in the beltway smiling and back slapping each other after they passed that 700+ billion dollar salvage bill for the investment and banking industries? What are the odds that in two years Congress will be back seeking more money? They will hold hearings, grill execu...

As of September 30, 2008, the House of Representatives failed to pass the much discussed 700 plus billion dollar bailout. Ostensibly, many representatives came under intense pressure from all across the United States to NOT saddle the taxpayers with unfathomable debt. Many, including conservative...

Privatizing profits and socializing losses. This describes the current state of the real estate and financial markets. Sure it is great to invest and sell reaping the rewards of a profit. However, if your investment was not wise, don't worry; the feds are there to underwrite your loss. A financia...