Politics is disgusting and the economy is worse (NOTE: subscribers can still listen to this show)–and the stock market is like a horror movie! The scared investor’s early decision to sell stocks happens through “social projection”–people’s tendency to heavily rely on their own current feelings and inclinations when they estimate others’ state of mind and preferences.read more
At least they control all the money–and one of them, the China Petrochemical Group, controls almost 40% of the world’s economy. Is this a conspiracy, or just good economics on their part? (NOTE: Subscribers can still listen to these shows).
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You may want to vote for the laughing candidate, but lots of old folks (and their kids) won’t be laughing if we elect someone who wants to destroy social security, as two of the Presidential candidates do (NOTE: Subscribers can still listen to this provocative show).
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If you’ve been a victim of a widespread mortgage scam, you’ll be glad to know that banks are not getting away with it. The federal agency that runs Fannie Mae and Freddie Mac is getting ready to file suits against a dozen big banks for misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, saying that they failed to perform due diligence and thus ignored evidence that borrowers’ incomes were either inflated or falsified (something that the banks themselves encouraged). The government is asking for BILLIONS of dollars in compensation.
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