We all know that the FDIC is broke, right? When Obama bailed out banks with TARP (Troubled Asset Relief Program) money six years ago, the reason was because the FDIC did not have any money. Banks are supposed to pay insurance money into a fund so when a bank goes...
Lack of adequate income at retirement is the next gigantic financial shoe to fall, and it is going to fall hard. Consider in 1981 nearly two out of three workers had a quality pension plan, not a 401(k). Employers would agree to pay 60 percent of the last 25...
I have discussed how emotional money can be many times now. Emotional issues circling around money have been going on for thousands of years. Well, here is a huge emotional event that I wrote about a year ago, how in the near future cities, counties and state...
Last year, about this same time I wrote about Greece’s economic woes in the post entitled, Why Greece Is On the Brink of Financial Disaster. This year, the new spot the world that’s just about in the same disastrous place economically is Illinois. They...
Let’s go back 70 years to begin this history. The Great Depression was a huge economic problem of the 1930s that changed America, and the world, forever. But World War II helped solve this problem. Spending for military arms and supplies employed every able...
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