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Posts Tagged ‘Banks’

Money in a Time of Crisis (Part 4): Banks

Banks were once the icon of financial security, but this changed in 2008 when they threatened to usher in an economic apocalypse due to their poor trading habits. Too much borrowing, foolish investments, misguided regulation, and a lack of transparency created a perfect storm that was only quelled by a massive taxpayer bailout known as…

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Seeking Refuge in a Precarious Economy

In 2010, Former Chairman of the Federal Reserve, Ben Bernanke, warned that monetary policies are on an “unsustainable path.” Similarly, former financial consultant for Fortune 100 companies and founder of Dent Research, Harry Dent, believes that the U.S. economy is set for a “shakeout more painful than anything we’ve seen before” with “the worst stock…

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