New Orleans In the wake of the Great Recession and general financial meltdown we all like to think we’ve got our eyes peeled to all of the slick shenanigans devised by Wall Street wheeler-dealers. With billion dollar bank settlements still regularly reported in the daily papers and with a new governmental body, the Consumer Financial Protection …
Tag: savings
Soft Case for Home Ownership: Forced Savings/Low Interest Rates
New Orleans Dueling columns in the Times smashed the drunken or doped spin of the Realtors Association trying to claim that the housing market was “back” and in the “Your Money” section made a soft and shrugging case for home ownership: “Indeed, many people who are buying at the moment are locking in mortgage …
Citizen Wealth from Birth
New Orleans Senator Charles Schumer from New York actually has a good plan which would substantially build citizen wealth: having the government give every child a $500 saving account at birth, matching it along the way with individual savings, and making it tax-free, so that at maturity, there would be a real increase in individual …