The MoneyforLife Blog will keep you posted on the progress of the almost century old Shenandoah Life Insurance Company as it emerges from receivership.  What’s important to note is that this relatively small mutual insurer seems to have invested prudently and responsibly based on the support the US Congress gave to publicly held Freddie Mac and Fannie Mae.
Shenandoah Life has limited [...]

Filed under: Ethics and Morals, What others have to say, aig, bank, behemoth, Congress, financial, insurer, investing, mortgage, mortgages | 4 Comments

Pundits and politicians are bemoaning the entiely predictable failure of America’s financial triplets’ [the banking, insurance and investment Behemoths]  irresponsible financial behavior over the past two decades: Bear Stearns, Indymac, Lehman Brothers, AIG, Fannie and Freddie, WAMU, Morgan Stanley, other lesser knowns and others yet to come.

The pundits want to explain the situation by pointing at everthing from executive [...]

Filed under: Personal Economy, Taxes, The Dungeon of Debt, Uncategorized, What others have to say, 401 k contributions, aig, bank, banking, banks, bear stearns, credit, debt, easy mortgage, executive compensation, financial, financial behavior, heloc, indymac, insurance companies, investing, investments, lehman brothers, Money, morgan stanley, mortgage, Retirement, saving, savings, Taxes, undefined, wamu | Post a comment

Rather than boring you by recounting what is readily available in the rest of the media, I want to recommend a great book that sheds light on what our Founding Fathers believed and embedded in our banking system.  I’ll let you decide if those principles and practices are  still there.
The Financial Founding Fathers, The Men [...]

Filed under: Money, What others have to say, aig, bank, banking, banking system, banks, bear stearns, financial, founding fathers, lehman brothers, press, u s treasury, university of chicago, will rogers | Post a comment