A couple weeks ago, the Federal Reserve helped finance a buyout of the Bear Stearns investment bank, hoping to forestall the economic fallout that would result from its collapse. This may leave average citizens wondering when the Fed is going to come to their rescue to help them with oversized debts and mortgage foreclosure.
But the truth is that [...]
Bailouts and Transparency
March 20th, 2008 · No Comments
Tags: · american dream, Bear Stearns, credit, credit crisis, Federal Reserve, loans, regulation
The American Dream in 10 column inches or less
March 10th, 2008 · 1 Comment
I couldn’t remember the first time I ever heard about the “American Dream” if I tried. As an American, it’s a concept that’s been ingrained in me since birth. It was reinforced when we memorized the pledge of allegiance in kindergarten with all that “liberty and justice for all”.
The “American Dream” is shorthand [...]
Tags: · american dream, auto industry, cars, homeownership, Immigration, rags to riches
