Ron Paul Storms the Federal Reserve

Matthew Collins / The Sovereign Society:
As far as finance and business goes, at least one rule generally holds true... And this rule makes your job as an investor, entrepreneur or analyst ten times easier. The rule? If you can't explain a particular investment or innovation to an eleven-year-old, then something shady is going on. Credit Default Swaps, Securitization, GSEs, CDOs…all of these things were considered “financial wizardry” back in the bubble days. Now they’ve been exposed as little more than Wall Street’s version of three-card Monte.

Posted by Editor at June 27, 2009 08:06 AM