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mrphil49
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First self employes at 10 mowing lawns and shoveling smow. Held a salaried job since I was 14. handling dangerous chemicals and protecting the lives of thousands of members of my private neighborhood Swim Club. Swim Team Coach at 17. Red Cross certified Life Guard, to train Life Guards, to teach... More
  • Higher Interest Rates From The Banks! 0 comments
    Jul 5, 2013 4:04 PM

    Did we, the taxpayers not save the banks from their own greed and done so with their disdain for our gift? TARP rules were refused in negotiations, given in good faith that they would use those funds to clear up the housing mess yet as soon as they have a hint from the Federal Reserve Chairman who does what Congress will not do, they apply greed to the knife that kills our short lived recovery. As we speak, NY State is prosecuting the Bank Of America for tactics that have kept existing houses just beyond our reach when foreclosure or short sales were not processed. Such economic magic tricks have not gone unnoticed by those who work hard and yet still suffer to pay their bills. We are not fooled by the fall of gasoline prices during the holidays only to rise the instant the people can vacation as their children are free from school. Housing was the first harbinger of trouble before the Great Depression. Drought and floods made our food scarce and expensive also. Manipulation of the Stock Market then broke and we suffered for many years. Is not a clear description of our current situation? Did we not prosper from the security given by the Glass-Steagall Acts quietly taken from us? Do we prosper from higher student loans or did we not prosper from massive free education given to the veterans of WWII for 2 decades?

    Disclosure: I am long AAPL.

    Additional disclosure: I work for no one but myself yet I have been fortunate in the stock market and in our other real market, real property. I believe success is the definition of a professional rather than just one who invests or writes about investment for pay.

    Disclosure: I am long AAPL.

    Additional disclosure: Long reasonably priced working class rentable homes within IRA's.

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