The Truth of Credit

Everyone knows the story about Bernie Madoff and his global Ponzi scheme but you have to be amazed at the people he fooled. We are talking about some very bright people: Steven Spielberg, Jeff Katzenberg, Abu Dhabi Investment Authority and numerous other high affluent charities. I guess you can chalk it up as another “too [...]

Let’s go back in the time machine to one year ago: No one could have foreseen the economic distress that this country has been through in 2008.  Back in October of 2007 the U.S. Stock Market was at its all time high.  Google was going to be the next Berkshire Hathaway and Oil Futures were [...]

This question is kind of like, which disease should we find a cure for first?  Real Estate Developers are warning of massive commercial property defaults in the coming year if the government cannot come in and help them make good. The problem is unlike home loans, which borrowers repay after a set period of time, [...]

In case you were busy watching OJ Simpson stammer his way to jail or Brittany Spears attempting her comeback, you may have missed the news that the Credit Card industry is said to be pulling back $2 trillion dollars worth of credit lines in the not too distant future. This move alone is going to [...]

Today is a day that as an American should not be remembered as a sad day but as the day that United States woke up and became a world power. On Dec 7th, 1941 the Japanese attacked Pearl Harbor sending the United States into World War II. We all know how it ended but few [...]