The Dumbest Financial Move Of The Week
Crowdsourcing is word that describes the ability to bring masses of people together to accomplish a task or reach a goal. And it’s been pretty effective, too.
I would like to nominate Congress for “Dumbest Financial Move of the Week” and introduce a new term: Congress-sourcing. Congress-sourcing is the ability to bring masses of pompous, self-entitled bureaucrats together to bungle a task or fail to reach a goal and, in fact, make things worse.
Congress-sourcing was responsible for not just the dumbest financial move of the week, but a whole assembly line of them this week.
Congress first approved a bill that allowed retention bonuses for AIG executives. In other words, money that we paid in taxes could be used to retain executives who failed miserably. The legislation was fine, as long as the public didn’t find out.
Business Strategy, Investing, Money, Online Investing AI, US Economy
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
