Posts Tagged ‘ bankrupt ’

House Subpoenas Geithner Emails, Phone Calls to AIG

This nonsense is exactly why the FED needs to be audited and ENDED. When will Americans awake to the debt that the FED and Congress is piling on us.

KFWB NEWS TALK 980 – House Subpoenas Geithner Emails, Phone Calls to AIG

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Interview with a former Banker

If you’ve ever seen Money as Debt, this a great listen. This is just one reason why we are in the mess that we are in today. Unfortunately, this does not talk about the Federal Reserve. If the Federal Reserve isn’t giving out money (by making the interest rate so low), banks would not be trying to lend money to whoever could sign their name to a piece of paper. Oh, I forgot to mention factional reserve banking. Anyway, this is a great interview.

Will MORE countries default?

First Ice Land’s big default last year. Now Dubai barrows billions just to pay down their debts. Who’s next? I’m betting the good old U.S. of A, soon then later.

Is Sovereign Debt the New Subprime?

CNBC Analyst: US Bankrupt Within Year and a Half

http://www.kfwb.com/pages/5642835.php

FDIC has its biggest Friday of the year

FDIC has its biggest Friday of the year – Douglas French – Mises Economics Blog.

Why do so many NFL players go bankrupt?

By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.

Within five years of retirement, an estimated 60% of former NBA players are broke.

-SI, “How (and Why) Athletes Go Broke”

When you think about the money these guys make, you just have to say, “WOW!” What is even more amazing the the reasons why. Number three on the list is “get a divorce.” Number five is “do drugs.” While number six is “have too many children,” it means children out of wedlock. Just maybe they should stop “playing” and get a real job.

Why do so many NFL players go bankrupt?