• Archives

  • Blog Stats

    • 667,738 hits
  • Categories

Subprime mortgages are making a comeback

Apparently the biggest banks in the US didn’t learn their lesson the first time around… Because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again! I’m sure you remember how this all blew up back […]

via The Subprime Mortgage Is Back: It’s 2008 All Over Again! — Easy Money

This is very bad news for the economy as this will make the real estate bubble grow even larger and guarantees that the next real estate crash will be several orders of magnitude worse than the last one.

 

Advertisements

New rules for financial advisers

ONE OF THE most important investor protections in decades took effect on June 9. The new rule, issued by the Department of Labor, sets in motion a seemingly commonsense requirement that those who advise on retirement investments must put their clients’ interests ahead of their own. Yet it marks a revolution in retirement security, the result […]

via The Department of Labor new rule: Financial advisor trap — Justice League

I am not a huge fan of government regulation but it should be self-evident that anyone that advises individuals or companies on retirement investments should absolutely be required to put their client’s interests ahead of their own.

%d bloggers like this: