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It's Time to Play Truth or Consequences
by Chuck Dolce (May 16, 2008)
Today, the Associated Press reported that Fed Chairman Ben Bernanke said, "Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles..."
And it only took a PhD from M.I.T. to figure that out. That's about as obvious as "don't accept packages from strangers at the airport."
Sorry for my cynicism but reading that kind of nonsense makes me wonder how gullible the media, the Fed, and the government think the public could be. I also have to wonder: Does the public even take these comments seriously?
It's headlines like these that build a case for individual investors taking charge of their own financial destinies. And they provide a striking contrast to the real truths we're hearing here at The Sovereign Society's Total Wealth Symposium. Listening to speakers who have no problem telling it like it is makes me certain that I'm in the right place at the right time. (Read on)
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