The average couple, both getting Social Security benefits, will see their monthly check go up by $103 a month to $1,876.
In addition to the cost of living adjustment, the government announced Thursday that the maximum amount of earnings subject to the Social Security tax will increase next year to $106,800, up from $102,000 this year.
Partially true. However, leverage is not the issue here. Irresponsible lending is the root cause. How do you propose to legislate risk? Would you be willing to bail out hedge funds next?
Yes. It you find a willing buyer in a free market economy, you can certainly invent any kind of exotic financial instrument. If you think otherwise, you should explore moving to Venezuela.
Amazing how everyone seems to advocate for the passage of this bailout without having seen and read the entire bill (with all the Christmas tree provisions).
Sure, that’s exactly what he mainstream media wants to find out? Yeah, right. MSM will push for more agencies, more regulation, more bureaucracy, more people on government payroll and ultimately higher taxes. Sure, that’s the solution. / sarcasm
"The Securities and Exchange Commission failed in its oversight of investment bank Bear Stearns, ignoring that the company took excessive risks with mortgage-related securities before its demise, according to a report released yesterday by the agency's inspector general."
Is it really the SEC's job to monitor how much risk a private company takes? So if I start a business, a government agency has to assess how much risk I take? Should the government regulate if I can but stock deemed risky? What about options -- can I but them or should the government act as my risk manager? Where does this end? Let the free market work.