An Interview With a Stanford Expert on What is Wrong With Wall Street - Very Clear

[saforwardlook]

I do not usually engage in political discussions on this forum, but this interview is noteworthy to us all regardless of party affiliation, if any. A little long but well worth the minutes to listen to. It really puts what happened on Wall Street this last time around in clear terms and explains why we are in real danger of another collapse of our economy....................................

http://billmoyers.com/episode/full-show-too-big-to-fail-and-getting-bigger/

Why the rich keep getting richer at our expense......................

 

[70NPORT]

.......

 

[commando1]

And I was feeling so good today....
I'm going to try and maintain the course by not thinking about this whole thing.
Not today.
Nope.
And it's 1706 hr's.

Posted via Topify on Android

 

[70NPORT]

I'm just waiting to see this evenings fireworks displays.

 

[72Fury]

I do not usually engage in political discussions on this forum, but this interview is noteworthy to us all regardless of party affiliation, if any. A little long but well worth the minutes to listen to. It really puts what happened on Wall Street this last time around in clear terms and explains why we are in real danger of another collapse of our economy....................................

http://billmoyers.com/episode/full-show-too-big-to-fail-and-getting-bigger/

Why the rich keep getting richer at our expense......................

Well, you know what they say about history? In the meantime, prepare yourself. Don't borrow for anything you don't have to. Sure, refi anything you have at a lower rate if it makes sense, but forget about the rest. If you have a 401k, familiarize yourself on options incase of a downturn. Some will allow you to move to cash, others will not. I rode one down the drain because of that, until I moved it over to bonds. Sure I got crap returns, but the losses pretty much stopped. Then shifted back to stocks when the sun came back out. I shoulda done that one earlier on, but hindsight is 20/20. Hopefully that will help someone. Don't lose too much sleep over it, the govt will print more and make it all better, as we roll more debt onto the future generations tab.