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My name is Michael Taylor. I founded Bankers Anonymous because, as a recovering banker, I believe that the gap between the financial world as I know it and the public discourse about finance is more than just a problem for a family trying to balance their checkbook, or politicians trying to score ...more

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Fees In 401(k)s
Economists and astrophysicists all agree: the only free lunch ever discovered in the known universe is employer-sponsored retirement plans with matching funds.
A Stock Growth Miracle (Not Really)
The easiest - and hardest - way to make your investing profitable.
PSA On Market Crashes Like This Week
The Dow Jones Industrial Average index, made up of the stocks of 30 major US companies, dropped by a record-setting 1,500 points before closing down 1,175 points on the day.
IPOs For The Everyman
As always, investing involves risk, and buying shares in a bank I don’t know anything about isn’t something I’d normally recommend. And yet, mutual bank IPOs that I’ve participated in since 2002 have a positive track record overall.
The GOP Tax Reform’s True Target
The political stakes of tax reform could not be higher for the Trump Presidency. This is his legacy moment, as well as the legacy moment for House and Senate GOP leadership
Bail Bonds Part II – Is The Business Doomed?
Over time, follow-up lawsuits could eliminate private bail bonds in cities and counties all over Texas. As private businesses, they might be dead men walking and not yet know it.
Bail Bonds Part 1 – The Business
How might bail bonds be very profitable?
Never Buy Gold
Gold fails the fundamental test of what constitutes an actual investment.
A Budget Discussion Thats Not Stoopid
It’s a good week to think about what our tax money bought this year. And since we’ve all been promised federal tax reform this spring or summer, it’s also good to reflect on how the federal government spends our tax dollars now and in the future.
100 Year Bonds In The Trump Era
Some of the best reasons for the United States to issue 100-year bonds fit reasonable, prudential, debt-management principles. Other reasons facilitate wackier scenarios. We describe both.
TRS – A Texas Pension Too Big To Fail
Texas State Senator Paul Bettencourt, poked the bear when he filed Senate Bills 1750 and 1751, which would allow the TRS and ERS to study, and possibly implement, changes in their public pensions.
Teachers And Their Retirement Problems
A majority of people struggle to prepare financially for their retirement, but public school teachers and employees face a particularly difficult set of circumstances.
Look Back Look Forward – New Years Resolutions
Contemplating the start of a new year prompted me to divide some investment account ideas into three categories, past, present, and future. Or you could categorize them as investment accounts for the young, the middle-aged, and the old.
Trump Part IV – The Causes And Uses Of An Economic Crisis
This is about how Trump has specifically threatened to cause an economic of financial crises through either a trade war or through undermining the US monetary system and credit.
Houston We’ve Got A (Pensions) Problem
Houston’s three public pensions may not be in total distress today, but some of the instrument panels are beginning to flash orange.
Apollo Global Purchases Rackspace - Is It A Good Deal?
Leon Black’s Apollo Global had agreed to purchase San Antonio cloud-hosting firm Rackspace for $4.3 billion.
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