Got any idea of how we got into the financial crisis we are in? Understand that extreme leverage (too much debt compared with equity to back it up) is a key contributor to the economic disaster? Remember how much “insurance” was written by AIG without capital reserves? Then you will be pleased that the association […]
Friday, October 31, 2008
Comments Off on Auto(matic) Bailouts For Big Boys
There has been a mindset in Washington D.C. that government should be completely hands off of business and markets except when, through poor management exacerbated by the economy, the biggest of the big companies should be bailed out with cash and guarantees and tax breaks. Those on “Main Street” with real and sweat equity in […]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
Friday, January 30, 2009
Comments Off on You Bet Your Life — Insurance Companies Proposal Voted Down