To take my mind off our economy..I read Letter To My Daughter by Dr. Angelou....and it worked...I am at total peace....calm in the midst of this storm the United States is in....
Angelou wrote about how her mother crawled up on the delivery table with her when she had her son...this remined me of when Dr. Jill Bolte Taylor's mom crawled up into the hospital bed with Jill shortly after she suffered a stroke...two great moms....
Needless to say.... I will watch on Friday to see how Suze Orman responds to the bailout (or hopefully the attempted bailout)...Blessings to you harpobear for giving us something to look forward to watching...
I wonder if they will have people lined up for Suze to skewer or if they will take volunteers from the audience! It is always an adventure when she is on the show. I am interested to see how it will fit in with the new "Fridays Live" format. I will be attending the next Friday (10/10) so I am anxious to see who will be part of the Live broadcast. Such fun!
Maybe some finance tips for us Australians. Suze, you are wonderful. Thanks for your books and your tips. You are straight to the punch. Thats what we need.Someone game enough to tell us straight. People first, then things, then money! I have all your books. They helped me get on the property market. You are a treasure.
I love the new format for Fridays!!! I think it will keep everyone current with issues facing us today. One item I hope they discuss is the whole CEO compensation thing . . . I heard the panel talk it about it last Friday and the only thing I kept thinking is "don't hate the player hate the game!" It's not the CEO's fault for these outrageous compensation packages, it's the Board of Directors who APPROVED the packages. Before any of these CEOs were hired, a Board and the HR officials of the company signed off on these outrageous compensation packages so why don't I ever hear anything about holding all the Board members responsible . . .
I have two teenagers, 19 and 18, who received money from a law suit and I was wondering what can they do with it, one is in college and the other one just got an apartment. I do need help because I do not want them to spend it crazy, and the youngest one will be receiving it in two years, she is in high school.
Hi. New "member" here, because I felt compelled to write with regard to the bailout. On this morning's news they revealed the "add-ons" that are part of the bail out - millions and millions of dollars for wooden arrows, rum, and other projects. Why are these even a part of what is supposed to be a semi-solution to the overspending that the government is guilty of? How do these pet projects help the current financial crisis? Could someone please answer THAT question? Thank you so much for your time. Deb Wells
I'm probably in the minority, but I do not like the "Suze Orman" style of talking about financial problems. She is so confrontational and can even be downright mean or rude. I understand that her intent is to "tell it like it is" and push people to take care of their financial life, but she could do that with a little more gentleness and kindness. I'm surprised that the Oprah show would continue to have Ms. Orman on her show. Ms. Winfrey appears to be warm, compassionate and caring of other people, even when she's being stern with someone. I much prefered the gentleman on the show today who gave the "101" presentation. He's a much more reasonable and thoughtful and the information he provided was straightforward, easy to understand and presented in a more rational way.
There are many ways to induce CHANGE....we Americans....have been living on credit for almost a decade...Suse has been telling us to BE FREE FROM DEBIT throughtout that time....I totally understand WHY she is 'downright mean'....After I tell my kids for the 5th time to stop leaving ice cream on the floor....I tend to talk sharply....they know they need to stop...and CHANGE occurs...
We are in for a rude awakening...EVEN with the bailout....
I personally see Suse pointing her finger at me...whenever I make an online purchase....my husband is in love with Suse....no one else helped me STOP ......like Suse did....
Hello to the Oprah show:
After I watched your show about the U.S. financial meltdown and Ally's and Suze's attempts to explain why the Rescue/Baillout plan is not just a rescue for Wall Street but for every Annie that is out there on Main Street of America, I don't believe that people including your audience really understood why it is necessary/important to help banks/morgage companies by buying their bad loans.
I am an accountant/financial consultant and former project manager for IBM Global Services in Chicago. And if at the end of his expose Ally did not convince me as to why the government or any entity for that matter needs to buy the banks/morgage companies bad loans in order to restore confidence in the financial system and make credit extention flow again, I don't think that your audience got it either.
Here is the reason why Ally came short at the end on the bad loans:
I hope I, myself , have made it easy to understand so that Oprah can explain it to her audience.
Gbenisola Agboola,
MBM, MPM.
Can somebody, who knows the in's and out's of the $700 billion bailout, tell me if we are going to pay for the million dollar compensation packages that big business' are paying their fired CEO's? I'm outraged at the thought of a bankrupt business using tax payer dollars to honor a contract that SHOULD be null and void upon bankruptcy.
Suze? Anyone? Please advise!
Lisa in OKC
I enjoyed the show, especially Ally's explanation. I was confused about the example with Annie, however. Why isn't she responsible for her debt? Why do we feel so sorry for her because she listened to a banker tell her what she could afford. Isn't that her responsibility?
I remember when we purchased our first home, the bank told us we could "afford" a payment that was 30% of our gross income. You know what we did? I know this is going to be a surprise for all the liberals. We took our the actual amount of our take home pay (on that day and not something we thought we were going to make), subtracted our monthly expenses, asked the question what if one of us loses our job and said, "Heck NO." to the bank. Wow, weren't we brilliant. Actually no, we were just two young adults that were taking responsibility for our finances. We actually thought that we should be able to pay for what we wanted.
I am soooooooooooo tired of hearing the excuses. It is up to all of us to live within our means. And yes, it costs a ton of money to lead a comfortable life and that's why our parents told us to work hard, get an education and prepare to support ourselves. And if you didn't hear that from your parents I'm sure you could have picked it up somewhere. You can always improve your circumstances, but first you have to realize that you are responsible for yourself. As long as you wait for someone else or the government to provide for you, well, you'll always be a victim. And you'll always be beholdin".