The Fed is going to buy another $600 billion in T-Bills by printing money to make the purchases. The last time they did this with $2 trillion it didn’t work. But, let me help you understand how this works and the implications. If you follow this link you will understand it better. Even I understand it Read the full article…
All my life I’ve believed there is no free lunch. Now, I know there is. The Wall Street bankers ate one on you and me. I hope you enjoyed buying as much as me. The so-called housing bubble was just a Ponzi scheme. Here’s how it worked in words even I can understand. First you Read the full article…
IndyMac Bank was one of the first bank failures as the housing bubble burst. They had been handing out mortages to anyone who could fog a mirror. Have you ever wondered what happened to the bank? How does the FDIC find a buyer for a turkey like this bank? What happens to all those bad Read the full article…
