Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage.Today?s reverse crash resulted in the Dow up $889.35 to close at $9,065.12. From peak to recent trough, the Dow has moved from its all-time high of $14,164 on October 9, 2007 to a low of $8,176 on October 27, 2008. That?s a decline of $5,988 or 42%. It earned back about 10% of that … [Read more...] about The Stock Market Crash: Ahead of Us or Behind Us?
Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage.Let?s hope your policy is with an insurance company that has ruinous trading losses and heavy exposure to derivatives. That?s what it took for AIG to be rewarded with a direct government bailout.In something of a creative interpretation of the mandate given by Congress to continue … [Read more...] about What if Insurance Companies Don?t Pay?