The financial institutions in this country and around the world have been operating as unstoppable legions for quite some time. Regulations within the industry took a giant leap backward when the Glass-Steagall Act was repealed in 1998. True colors were exposed in the midst of the current economic crisis where banks boldly demanded public bailout [...]
Continue Reading →President Obama wants to put measures in place to help Americans put away more savings. With debt on the rise and savings dropping, it’s not a good look. The recipe for wealth has remained constant: no debt, vigilant saving. If that isn’t heeded, nothing changes. Thus, the President sees it necessary to implement some changes. [...]
