I've been paying close attention to what the politicians, bankers, brokers, and lenders are doing with our money. I joke with some of my friends about how they must really like owning a major insurance company and so much stock in financial services companies. Obviously, I'm skeptical as to how our taxpayer investments are going to develop. I suspect that the abovementioned folks will do pretty well. The rest of us will continue to do the best we can with what we have while falling behind.
I figured that a basic economics lesson was in order since so much time is being spent by the corporate media and various pundits on the effects of the bailout/rescue on mortgages, brokers, bankers, and lenders. I certa ...
Read More »