The staggering $750 billion rescue plan recently passed by Congress was triggered by the impairment of investment securities, primarily mortgage-backed securities. Loose credit policies coupled with investor greed and government deregulation were contributing factors to the business failures of Fannie Mae, Freddie Mac and Lehman Brothers to name a few. These organizations were led by individuals who were supposedly the "best and brightest."  They were certainly paid as though they were the "best and brightest." 

What can be learned from the recent events in the marketplace? Click on Full Article to read more.

By James G. Kennedy, CPA
     Parent, McLaughlin & Nangle