The following is a paper I wrote for a class I took at an on-line university: In 1962, Maurice “Hank” Greenburg became the head of a struggling insurance company, American International Group. By the time Greenburg was forced to resign he had transformed the company into the largest Insurance Company ...

In February of 2004, Alan Greenspan, then chairman of the Federal Reserve Board, gave a speech before the Credit Union National Association where he strongly recommended that Americans get ARM Mortgages.  He said that Americans would save thousands in interest compared with traditional thirty year fixed loans.  I remember, at ...

The CEO of General Motors, Rick Wagoner, has resigned at the request of President Barak Obama! I just checked and double checked my constitution and I couldn't find the part where we gave The President the power to fire the CEO of a private company.  The President doesnt even have the ...

Those of you who keep up with my blog may know, I do not believe in Government Regulation. What some of you may not understand is that this includes our personal lives as well as in business. It is just as bad for the government to tell me ...

The other afternoon, my wife, my father in law and I visited the Bureau of Engraving and Printing, aka  The Money Factory, in Fort Worth Texas. I learned two interesting lessons about money from taking the tour: 1) When I was a boy, one of my father's favorite sayings ...

I usually don't talk about religious stuff on this blog but this evening begins the Jewish Holiday of Passover which celebrates G-d freeing the Israelites from slavery in Egypt to freedom. Once they were freed, it was amazing how much whining they did. Everytime things looked a little ...

I just read that the Republicans are coming out with their own budget plan. Guess what? They want to cut people's taxes! My first thoughts on this were "All right! We pay too much in taxes anyway! If we just got rid of those people on Welfare. . ...

It has been said that Capitalism, as an economic system, is not up to the challenges which face humanity in the 21st Century; that due to the emphasis on delivering a product at minimal costs to maximize profits do not take environmental and other factors into account.  There is a ...

The musical,  Fiddler on the Roof, is about a man Tevye being forced to confront changes in the institution of Love and Marriage.  First, he has to deal with his older daughter wanting to marry the man she loves, not the man he picked for her.   Then he has to ...

have you ever asked yourself the question, "Who's to blame for this "Economic Crises?" Is it the greedy lenders who made those bad loans? Is it those stupid people who took out those bad loans? Is it George W. Bush for not regulating the industry? Is it Greenspan for encouraging those loans? Is it those ...