I’ve had a few discussions recently with various people about the morality of two of the biggest abuses I see going on in the economy right now… Unemployment Abuse Mortgage Default Abuse The first involves individuals taking extended stays on… Read More ›
moral hazard
“I’d be disappointed if things suddenly started going our way, because it wouldn’t be funny anymore.”
An old friend of mine and I were backpacking in Sequoia National Park many (too many) years ago and through a series of things that went wrong, we found ourselves in trouble. When it was all over and the resulting… Read More ›
Obama’s New Plan – Avoid Working and “Earn” Between $52,000 to $76,000 A Year
Obama has come up with a new plan to save the economy. The following are instructions on how to make the equivalent of between $52,000 and $76,000 (or more) for at least two years, and possibly up to six years… Read More ›
Foreclosed Homeowners In California Get $100,000 To Pay Their Mortgage
As reported today by the Sacramento Bee, The federal government has stepped in to help California homeowners in foreclosure by confiscating $420 million from taxpayers all over the country to assist overextended home debtors who bought homes they couldn’t afford… Read More ›
It’s a Lose-Lose-Lose Thing
So I get this letter in my mailbox yesterday from one of my credit card companies, Merrick Bank. It’s one of several similar letters I’ve received recently. The letter goes on to inform me that, “as a result of the… Read More ›
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