The crisis that almost brought about the fall of civilization as we know was started by unscrupulous Wall Street bankers and brokers who knew that any risk they incurred would be passed on to somebody else. After the federal government stepped in and prevented a financial catastrophe, many observers believed that a new, sobered...
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Americans have really been hurt by the recession. Many people have watched their debt skyrocket as their mortgages rose, 401ks dwindled, and savings evaporated. After an age of plenty, many families have come to realize that responsible financial planning is the only way to avoid being caught in the dregs of another...
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Boo hoo! AIG paid their top executives $160 million of our hard earned tax dollars and we are supposed to be up in arms about it. Maybe you are genuinely pissed about this issue; and maybe it’s a way to rile up the Joes to get a free drink at the local pub. Either way, I am quite bored by the grandstanding from...
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Americans have knee-jerk reactions to buzzwords that they do not fully comprehend. Definitional or contextual ignorance of words and concepts can lead to stultifying exchanges that leave all parties exhausted and frustrated. In an desperate effort to remain relevant, those on the political right have resurrected the twin...
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The government has sunk (understatement alert) a lot of money thus far trying to move the country out of this recession. As of this writing, their attempts have proven futile. “Why”, you may wonder, “have we spent all of this money and it has not helped?” Comparing our economy to a human body accurately...
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Now that a weak, and underfunded stimulus plan has been voted on by the Senate and is on its way to conference, let us turn our attention to something a bit more important: the looming collapse of our financial sector. In the midst of the political squabbling over the stimulus plan, we missed the fact that the $750 billion bank...
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