[patientrenter]

Someone mentioned this up above, but I’ll repeat it: beware of any asset price that can be manipulated by govt power. Long Treasury prices can be kept high. It’s the dollar that, in the end, will drop. Short of third-world currency controls, the exchange rate cannot be manipulated as easily as internal US financial instruments.

My personal bet is on the Yen as a safe store of value for the next 5-10 years as inflation is engineered in much of the rest of the world.

[patientrenter]

Someone mentioned this up above, but I’ll repeat it: beware of any asset price that can be manipulated by govt power. Long Treasury prices can be kept high. It’s the dollar that, in the end, will drop. Short of third-world currency controls, the exchange rate cannot be manipulated as easily as internal US financial instruments.

My personal bet is on the Yen as a safe store of value for the next 5-10 years as inflation is engineered in much of the rest of the world.

[patientrenter]

Someone mentioned this up above, but I’ll repeat it: beware of any asset price that can be manipulated by govt power. Long Treasury prices can be kept high. It’s the dollar that, in the end, will drop. Short of third-world currency controls, the exchange rate cannot be manipulated as easily as internal US financial instruments.

My personal bet is on the Yen as a safe store of value for the next 5-10 years as inflation is engineered in much of the rest of the world.

[patientrenter]

Someone mentioned this up above, but I’ll repeat it: beware of any asset price that can be manipulated by govt power. Long Treasury prices can be kept high. It’s the dollar that, in the end, will drop. Short of third-world currency controls, the exchange rate cannot be manipulated as easily as internal US financial instruments.

My personal bet is on the Yen as a safe store of value for the next 5-10 years as inflation is engineered in much of the rest of the world.

[patientrenter]

Stockstrader points out an important issue: you want cheap trades, nice websites, quick phone responses, good rates on deposits and loans, access to multiple stock and other exchanges and so on, but above all else, you need reliability.

I chose my brokerages a few years ago based on the fact that they had a name to protect, were very big, and were known for catering to the middle class. It is hard for me to imagine that the govt would not step in to cover their customer obligations should the world fall apart. They have made occasional errors, but have always acted helpfully to fix the problems.

[patientrenter]

Stockstrader points out an important issue: you want cheap trades, nice websites, quick phone responses, good rates on deposits and loans, access to multiple stock and other exchanges and so on, but above all else, you need reliability.

I chose my brokerages a few years ago based on the fact that they had a name to protect, were very big, and were known for catering to the middle class. It is hard for me to imagine that the govt would not step in to cover their customer obligations should the world fall apart. They have made occasional errors, but have always acted helpfully to fix the problems.

[patientrenter]

Stockstrader points out an important issue: you want cheap trades, nice websites, quick phone responses, good rates on deposits and loans, access to multiple stock and other exchanges and so on, but above all else, you need reliability.

I chose my brokerages a few years ago based on the fact that they had a name to protect, were very big, and were known for catering to the middle class. It is hard for me to imagine that the govt would not step in to cover their customer obligations should the world fall apart. They have made occasional errors, but have always acted helpfully to fix the problems.

[patientrenter]

Stockstrader points out an important issue: you want cheap trades, nice websites, quick phone responses, good rates on deposits and loans, access to multiple stock and other exchanges and so on, but above all else, you need reliability.

I chose my brokerages a few years ago based on the fact that they had a name to protect, were very big, and were known for catering to the middle class. It is hard for me to imagine that the govt would not step in to cover their customer obligations should the world fall apart. They have made occasional errors, but have always acted helpfully to fix the problems.

[patientrenter]

Stockstrader points out an important issue: you want cheap trades, nice websites, quick phone responses, good rates on deposits and loans, access to multiple stock and other exchanges and so on, but above all else, you need reliability.

I chose my brokerages a few years ago based on the fact that they had a name to protect, were very big, and were known for catering to the middle class. It is hard for me to imagine that the govt would not step in to cover their customer obligations should the world fall apart. They have made occasional errors, but have always acted helpfully to fix the problems.

[patientrenter]

For what it’s worth, I have brokerage accounts at Vanguard, Schwab, Fidelity, and Interactive Brokers. Each is useful for different things.

[patientrenter]

For what it’s worth, I have brokerage accounts at Vanguard, Schwab, Fidelity, and Interactive Brokers. Each is useful for different things.

[patientrenter]

For what it’s worth, I have brokerage accounts at Vanguard, Schwab, Fidelity, and Interactive Brokers. Each is useful for different things.

[patientrenter]

For what it’s worth, I have brokerage accounts at Vanguard, Schwab, Fidelity, and Interactive Brokers. Each is useful for different things.

[patientrenter]

For what it’s worth, I have brokerage accounts at Vanguard, Schwab, Fidelity, and Interactive Brokers. Each is useful for different things.

[patientrenter]

Fannie and Freddie were knowing and active parties to the fraud on the entire nation that was committed when vast amounts of money were funnelled into the purchase of overpriced homes.

Yes, they were partly tools of Barney Frank and Chris Dodd and other pols, and of Angelo Mozilo and other mortgage fraudsters. And they were partly responding to loose credit conditions fostered by Greenspan and supply-side Republicans and businessmen. But the people running Fannie and Freddie knew exactly what they were doing, and they were pushing to do more of it.

The truth is that there were very few people who are blameless. Close to 90% of the population of this country were hoping for a giant free lunch from ever-rising asset prices of assets bought with other people’s money. But leaders of the key institutions bear special responsibility, in order of their power:

1. Congress
2. White House and Treasury/Fed Reserve/ SEC etc.
3. Media (who are leaders of public opinion)
4. Real estate and mortgage industry

[Author]

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