Skip to main content

View Diary: Morning Feature: Animal Spirits, Part IV - Conclusion and Critique (Non-Cynical Saturday) (91 comments)

Comment Preferences

  •  The reason you can't spend your IRA (3+ / 0-)
    Recommended by:
    Orinoco, winterbanyan, NCrissieB

    dollars right away is because you've lent them to someone else to use.  However, you could show your statement to you brother, ask him to lend you a dollar and have money on the spot.  Money is fungible.

    I'm thinking that how ordinary folk get ripped off is by thinking that they have to have money to spend it.  Rich people borrow all the time without having anything to back it up.  Look at Bernie Maddoff.

    Yes, he was convicted of a crime but that was mostly because he confessed.

    How do you tell a predator from a protector? The predator will eat you sooner rather than later.

    by hannah on Sat Jul 11, 2009 at 05:59:39 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site