Economy Apr 30

No image
Reader Responses: The Paradox of Thrift

You can watch one of Paul’s recent Making $ense pieces, The Paradox of Thrift, below. Here are a few reader reactions and Paul’s responses. Question: I have a question related to your recent segment, Paradox of Thrift: Aren’t the…

Economy Aug 01

No image
How exactly did the banks lose money?

Question/Comment: My question about the mortgage crisis is this: how exactly did the banks lose money? It seems that people who put deposits on the loans that were foreclosed upon lost their money, not the banks. The banks…