We Have It Easy, Remembering Debtor's Prison

Prior to the middle 19th Century, people that were in debt didn’t have the luxury of Bankruptcy!  The debtors that couldn’t pay their debt went to prison! Most of the history of Debtor’s Prison was from Europe, but the United States had Debtor’s Prisons too.  It wasn’t until 1833 that the US Federal government and… Continue reading We Have It Easy, Remembering Debtor's Prison

Lemons to Lemonade – Lessons Learned From A Broken Lawnmower

Well, I pulled the cord on my lawnmower and broke it yet again.  I’ve mentioned  problems with my lawnmower in the past.  I’ve always been able to fix it at a fair price, but now it’s breaking down more frequently.  The engine is smoking slightly, the deck is rusting, the seals are leaking, the wheels… Continue reading Lemons to Lemonade – Lessons Learned From A Broken Lawnmower

Goldman Sachs Is Being Used as a Whipping Boy

Today, I was reading a post by Jeremy Seigel about Goldman Sachs, and most of his viewpoints reflect most of my own (see Crucifying Goldman Sachs, Start of The Witch Hunts).  I have to note that I don’t always agree with the famous author (who wrote “Stocks for the Long Run“), but on this topic,… Continue reading Goldman Sachs Is Being Used as a Whipping Boy