An Update From David Fischer
There seems to be an underlying theme of two comments that are somewhat ongoing when talking about a Bail Out and a Bail in. As many of you know our government did a Bail Out for Fannie Mae, Freddie Mac, AIG, and GM in 2008 and 2009. This became so disturbing amongst Americans that many have said it will never happen again.
In talking about a Bail In that has already happened in 14 countries, in the last 5 years, people passionately say that if that was done in America there would be a revolt and rioting in the streets. In hearing these two comments from many walks of life, 100% of the time they haven’t done their homework on this subject. Therefore a belief or an opinion has been developed without knowing historical and factual events. [Read more…] about March Newsletter 2016