Our system is rigged. Unfair. Hopelessly neglectful of the little guy.
All true. But do you really have a better choice? Did you honestly think Washington was going to let it all fail—and for good? After all, who’s backing Fannie Mae (FNMA) and Freddie Mac (FMCC), which are almost single-handedly backing the resurgent mortgage market? Who pumped more than $2 trillion into suppressing interest rates to record lows?
This is the lesson we should all be taking as the Dow Jones Industrial average closes at yet another record.
Read Full Article »