This 6-pillar curriculum teaches the basic literacy we need to be personally and financially successful and to do so in a manner in which together we evolve a culture that supports the emergence of an advanced human civilization.
When I was Assistant Secretary of Housing-Federal Housing Commissioner cleaning up the last housing and mortgage bubble bust, I used to have a deputy who said “FHA is where mortgages go to die.” That’s because the banking and mortgage industry would intentionally perpetrate fraud and engage in unsound lending practices. Then, when the market turned, they and their investors would keep their profits and would simply put their mistakes back to FHA and the government. Well, check out this morning’s announcements. Here we go again.
Sure the federal government should absorb the risk, why that way, no one ever has to learn about proper risk management and they can be as fast and loose while trying to make the big gains as they want to be.
I think that this whole situation just stinks! If I open a business and make poor business decisions, I can’t call up the government and say, hey the market has turned on me, please give me some money and let me try again. I have to go out of business.
Why should big banks be immune to failure? It certainly would clean up the pirating…errr.. banking industry if they were held accountable for their mistakes
Sure the federal government should absorb the risk, why that way, no one ever has to learn about proper risk management and they can be as fast and loose while trying to make the big gains as they want to be.
I think that this whole situation just stinks! If I open a business and make poor business decisions, I can’t call up the government and say, hey the market has turned on me, please give me some money and let me try again. I have to go out of business.
Why should big banks be immune to failure? It certainly would clean up the pirating…errr.. banking industry if they were held accountable for their mistakes
Sure the federal government should absorb the risk, why that way, no one ever has to learn about proper risk management and they can be as fast and loose while trying to make the big gains as they want to be.
I think that this whole situation just stinks! If I open a business and make poor business decisions, I can’t call up the government and say, hey the market has turned on me, please give me some money and let me try again. I have to go out of business.
Why should big banks be immune to failure? It certainly would clean up the pirating…errr.. banking industry if they were held accountable for their mistakes