Are Your Mortgage and Investments Safe?

September 23, 2008 by Curt Siters

Bail-out after bail-out. This is really getting serious. It is also getting expensive.

The U.S. Treasury wants to start buying the bad/risky debt of failing investment banks and companies to the tune of $700 Billion. I want to know where that money will come from.

China already owns a sizeable chunk of America. As does Japan and many other nations. If we sell them more debt they will own more of the U.S. If the Federal Reserve prints more money that will lead to serious inflation. If they tax the citizens we (every man, woman and child) would have to pony up a little over $2,300 each. Would that be such a bad deal to ensure our economy doesn‘t implode?

But where are we going to get that $2,300? Most people don’t have that much money just lying around.

Your investments are not covered by the FDIC. Investments are risky. What can you do if you think the people handling your investments are not doing their job and costing you money?

If you have investments or loans with any of those companies that will be bailed out, or for that matter bought by another company, how will it affect your loan or investment? If the terms of the agreement you have are changed will those changes benefit you? Are those changes even legal?

Did you know that some companies will sometimes slip things into an agreement that are illegal or questionable just to get more money out of you? They get away with it because most people in the U.S. do not have any contractual agreements reviewed by an attorney because they cannot afford an attorney to review it or help them when they just need legal advice regarding the agreement.

There is a solution to this problem: if you don’t have an attorney you should get one. Think you can’t afford one? Guess again.