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La Mesa Man Said Wells Fargo Lost His Retirement Funds

Justice League

“I worked for a couple of different community clinics,” Terry Cunningham said.

That was back in the 1990’s but Terry said there was one thing that was fresh on his mind, the nearly $2,000 he saved in a retirement account.

“And when I left that organization, I thought well I’ll just leave the money in there because that way it will gain money and I will not touch it,” Terry said.

Terry had money taken out and placed in a 403-B retirement account. That was many years ago and now, Terry wanted his money.

“I retired a few years ago and my tax man said you should really consolidate all of that money and do a major investment,” Terry said.

For years, Terry had been getting statements from Lincoln Investment showing the money was still there and held in a Wells Fargo bank account.

“Wells Fargo could never find the…

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The Housing Bubble isn’t a Bubble- it’s a Blister.

Livinglies's Weblog

The Housing Bubble isn’t a Bubble- it’s a Blister.

by K.K. MacKinstry

It’s going to hurt when it pops.

Low interest rates have reflated the housing bubble by enticing buyers to enter the market or buy bigger homes while rates are low, with the looming Fed threat that rates will rise quickly.

During May 2017 debt, auto loans, and the stock market hit new irrational highs indicating signs of trouble for the unsuspecting consumer.

Credit delinquencies from the consumer are a new sign of trouble as interest rates begin to head higher.   William McChesney Martin, the longest-serving Fed chairman in the Fed’s 100-year history has said that the Fed’s job is to take away the punch bowl just as the party gets going.”

It is well know that high valuations in both real estate and the stock market encourage risk and that result in a massive correction later on…

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