Alert
Close

Help pack a million meals for struggling seniors on 9-11. Volunteer today

Highlights

Open

 

Caucasian couple looking at a laptop computer together

Horoscope

Virgo - AARP Horoscope

Look at what your future holds if your birthday is between August 23 & September 22

AARP REALPAD

The tablet with free 24/7 customer support. Learn More

Most Popular

Viewed

Book Excerpt: Panic: The Story of Modern Financial Insanity

Investors should be terrified by combinations of the words “fundamentals,” “economy” and “strong.”

One difference between the previous financial panics and the real estate and subprime-mortgage collapse is the sheer number of people involved. “No money down” was an invitation for people far away from Wall Street to take Wall Street-like risks. Just about everyone in America could afford no money down. It wasn’t a financial market that panicked, it was the larger society; and the list of people and ideas that could plausibly be blamed for the mess was long: ratings agencies, mortgage brokers, mortgage originators, Bill Clinton. Gretchen Morgensen at the New York Times blamed Wall Street, for exploiting the middle class. Wall Street people—who lost a lot more money than the poor—blamed their CEOs. … Back to Article

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Advertisement
AARP Bookstore

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Live Nation

Members save 25% or more when buying tickets in groups of four from Ticketmaster.

Cirque Du Soleil

Members save 15-30% on tickets to live Cirque du Soleil shows.

Regal Movies Popcorn and Soda, Member Benefits

Members can save $3 on any size popcorn and soft drink combo at Regal Cinemas.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Advertisement