Fascinating book. To the point and practical.
For example, the best way to describe a retail bank is to call it a piggy bank. The best way to describe an investment bank is to call is a casino, which is precisely what each are.
Who knew a book about high finance, banking, and The Great Recession could be such a fun read?
Any Smooth Harold readers out there that have tried them? There rates, zero fees, and easy access sound great.
Now before any dreamy eyed Obama voters get offended by the timing of this, I’m in no way calling our nascent President a failure. I’m still hopeful. But as an American, I want answers, which is what good reporting should be seeking anyway. So why haven’t these questions been asked (or maybe I missed them)? Continue reading…
I fear for the future value of my hard-earned dollar. I no longer trust the federal government with spending, nor do countries abroad. When that happens en masse, the dollar will crash.
Sadly, that’s the price we pay for electing big-government knuckleheads into office, and for letting the Federal Reserve buy 80 percent of AIG for $95 billion without a vote, even though U.S. taxpayers will have to pick up the tab.
Man, is our federal government broken (I trust state government so much more right now). When will they understand that “this insanity and the problems we face economically will only occur when we allow the economy to find its own equilibrium. We have to allow the market to endure a recession, we have to allow failure.” — Joe M.
For the sake of our country, at the least to make a statement, write in Ron Paul for president this November. It appears McBama will only continue the trend of frivolous spending and federal intervention.