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Daily Archives: March 5, 2015
Financial insanity at its finest: “take out car loan to buy stocks”
This is a new high water mark in financially suicidal advice for CNBC listeners. No irrational exuberance here. Auto loans are up 29%. Discussing whether car buyers should pay cash or take the longer loan at a low interest rate, … Continue reading
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IMF Director Batista: Greek bailout was “to save German and French banks”
And so a little truth gets out into the light of day: the ‘Troika’ sacrificed working people and the social fabric to shield the banks from having to absorb their deserved losses. The rest is our history. It didn’t have … Continue reading
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