Jan 20 2010
FDIC and Rewarding the Risky Banks. How a Safety Net Hides the Risk in Banking. When Your Bank is Failing or is Emerging from Failure Offer Good CD Rates.
There is a fascinating phenomenon that occurs in the banking system when capital is running short. At least, this was the case before the government decided to be the ultimate financial backup for the entire banking structure of our country. Places like Washington Mutual or Countrywide were offering stellar rates on various savings vehicles only [...]
Dec 2 2009
The Corporatocracy: A New Economic System for the Connected Banking Sector and Political Elites. Providing the new Serfdom Massive Debt Servitude.
The typical American family is struggling with the current recession and is having a hard time pinpointing the nexus of the problem. Some try to argue the failures of capitalism but our current system is more of a corporatocracy. A system designed for the few by the few. Even Adam Smith argued that society would [...]