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Against Monopolydefending the right to innovateFinancial Crisis |
Monopoly corrupts. Absolute monopoly corrupts absolutely. |
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backCommit to a retirement facility carefully The victims of the Great Recession keep emerging from the carnage wrought by the big financial players. This one comes from the "retirement communities" link here. People buy into them thinking that all is well for their old age. It may not be, as a number of the companies had big plans to provide services they can no longer finance or have made guarantees on deposits that are now controlled by the contingencies in the fine print of their contracts. What seemed certain when the buyer signed up may no longer be so. The prospect is they will not recover until the economy, particularly employment, has recovered and new tenants can afford to buy into them. [Posted at 11/07/2009 09:07 AM by John Bennett on Financial Crisis CommentsSubmit Comment |
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