Dec 31 2008
Housing Bubble Genesis: 5 Reasons that Didn’t Cause the Housing Bubble and 5 Reasons that did.
There is a danger in having power. Credit at least many decades ago was seen almost as an extension of the morality of the borrower. That is, the way credit was given many times reflected the capacity, collateral, and character of the borrower. Main Street is already feeling this recession like the worst since World War II and [...]
Dec 23 2008
U.S. Treasury Summary of Receipts and Outlays for the U.S. Government: If Your Budget Looked Like this, You would be out on the Street.
It comes as no surprise that the U.S. government spends more than it takes in. We all know this. But what are the funding sources for the U.S. government? Meaning, who cuts their monthly pay? It is easy to get caught up in the talk of large numbers but you have to think of the [...]
