Gorm

Article Comment

Gorm commented on an article. 9:52 AM

The Biggest Retirement Myth Ever Told

Clearly, there is LESS personal accountability and responsibility today. Too many are living for today!

The problem I fear is GOVERNMENT intervention as our fiscal house reflects irresponsibility, the current

[more]

Article Comment

Gorm commented on an article. 9:49 AM

How Banks Became Too Big to Fail

We have cause to WORRY! The top 6 financial behemoths control > 50% of US domestic deposits. Our FDIC maintains maximum reserves equal to 1.25% of insured deposits. When depleted, it draws on our Treasury.

[more]

Article Comment

Gorm commented on an article. 10:48 AM

Bad News: Everyone Is Right!

While I can't ignore, given conditions, what has occurred since Mar 2009, I cannot discount the deteriorating global conditions, ie DEBT (across all sectors), unfunded liabilities, inept self serving politicians, manipulative

[more]

Article Comment

Gorm commented on an article. 11:03 AM

Cyprus Bailout, and Twilight of the Financial Crisis

Ruined is the expectation, that conditioning that banks, even the TBTF, will always be saved. In the US, FDIC coverage was expanded years ago to "unlimited" just to stabilize bank liquidity. Unlimited was reduced to $250k

[more]