Word: trusts
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...just supposed to trust that mortgage lenders and Wall Street types have 'learned their lesson' and will not continue to exacerbate the problem (or find ways to create new ones)? What safeguards are/will be put in place so that derivatives of the type that got this mess started will not continue to be created or traded? I think it's fair to assume that mortgage lenders and Wall Street won't make these same mistakes for another generation at least. But they will do their best to figure out new ones to make. And while bubbles and crashes will always...
...Your event just happened. But those guarantees have limits. So if you have a lot of cash with any one financial institution, you may not be fully protected. Don't panic. Just spread your assets around to as many banks or brokerages as necessary. In the case of a trust, naming multiple beneficiaries can do the trick as well...
...limit is $500,000 in brokerages for each unique account per institution, $250,000 on deposits in retirement accounts and $100,000 on deposits per person per bank, although there's a movement afoot in Congress to raise that limit to $250,000. With something like a revocable trust or POD (payable on death) account, you are guaranteed up to $100,000 per named beneficiary...
...Nobel committee cited Heaney’s “works of lyrical beauty and ethical depth, which exalt everyday miracles and the living past.” Many of the poems Heaney read at Sanders concerned the tension between opposed ideas: home and elsewhere, modernity and antiquity, trust and danger. Before leaving the stage, he offered the assembled crowd a bit of wisdom. “The secret to life, and to love, is getting started, keeping going, and then getting started again.” —Staff writer Jilliam J. Goodman can be reached at jgoodm@fas.harvard.edu...
There was a lack of trust, a loss of confidence, a popular revolt...