Today in the Financial Crisis.

Quick survey of some notable financial developments.

First, in case you didn't know already, credit card companies hate you, and they aren't shy about showing it. Pretty much every credit card company on earth is raising their interest rates, minimum payments, and tacking on additional fees (ever call a credit card company? exactly how does an organization that does not provide service justify calling fees a "service charge"?). We here at simsisms would like to taunt all of you who slave away for VISA, Bastardcard, and American Excess by rubbing in the fact that we have no credit card debt. Neener, Neener, Neener.

Not wanting to be upstaged in the "people or groups that you are absolutely sick of hearing from" contest, congress immediately announced that it would be looking into credit card companies. The same credit card companies who no longer have the resources to give generous campaign contributions. Way to attract attention to yourselves at precisely the wrong moment, guys! Maybe you should have just lied low and waited for the whole economic crisis to blow over, but no, you had to go and try and get a few more drops of blood out of a nation full of stones. Good move, guys. Seriously, next announce your corporate sponsorship for the 2009 "Club baby seals" competition, FTW. Link to the story may be found here.

Next, a surprising number of homeowners have been able to escape foreclosure by asking their lenders to produce the note. Turns out, a lot of the time, Banks can't do it. Good job consumers. Pwn those banks! Link may be found here.

Forbes had a decent article on why we should not bail out shareholders in banks. I skimmed the article but didn't find any mention of bankers having horns. Must have been an oversight. Seriously though, the article should appeal to all of you amateur economists out there (you know who you are). Link here.

Also, it appears that the economic crunch is being felt all over, resulting in premiere Las Vegas attorney Craig P. Kenny actually charging for defending you from traffic tickets. Kenny used to provide this service for free as a way to meet new clients. Now he's charging 50 bucks. That's still less than most other lawyers are charging, but still, it stinks to lose such a valuable free service. Over the years, we here at simsisms have sent many people Craig's way, but we may now have to rethink this. Sorry Craig, until further notice we are downgrading your status from "People we love" to "People we moderately like." Story on Wild Wild Law, here.

I've been meaning to lug this for a while, but haven't found the right time to do it. I've decided that here is as good a place to plug it as any. One of my favorite prof's has a blog and I am commanding everyone to read it. Nancy Rapoport is one of the great bankruptcy minds in the state of Nevada, and has worked on several big name bankruptcy cases, including the Enron case. I insist that you check out her very worthwhile blog, http://nancyrapoport.blogspot.com/

Lastly, have you seen this photo?




Don't front, that's freaking cute. I don't even care that it has nothing to do with money and doesn't belong in this post.

More snarky comments as they develop!