The Freedom Factory

Twice this past week, I have found myself explaining what happens when a bank goes bust. With weakness at Wachovia, Lehman Brothers, and other banks, I figured it would be a good time to assuage investors’ concerns. Two of the recent questions were: Are my investments protected, and what happens to the cash in my account? Continue Reading

A funny thing happened today when I called about a condo listing in Los Angeles – the property had just been sold. It’s unfortunate for me, because this particular one was selling at a good price, and was located pretty much exactly where I wanted to live, or at least as close to the ocean as someone with my income can afford. That’s not the only weird event…I’ve met three other people in the last few days who are looking to buy, as well. According to a CNNMoney.com article vultures are starting to swoop into the market, picking up places in bulk.  Continue Reading