My friend Fran Quittel has the background, the discipline, and the diligence to do the homework about what it will take to be responsible for your money in the world that is coming to us. By “be responsible” I am talking about the basics – finding out about the rules of the road at your local financial institution. What can you count on your bank (or credit card issuer, or insurance company, or …) to tell you, and what do you need to plan to dig to find out. The situation is getting hairier and hairier.
What do you need to do to exercise minimal, prudent vigilance over your money? Rest assured that you cannot trust today’s financial institutions, as a general rule, to exercise good judgment in your behalf, to act on intentions that are built around your concerns, or, to put it succinctly, to treat you as a customer. The bad joke of the recent election – capitalism for the masses, socialism for the financial elites – describes our current situation, not one that is in our past.
Read Fran’s essay in a recent issue of the California Progress Report, here.