December 22, 2008 Bernanke-Some Banks Are Too Big to Fail
December 22, 2008
Banks Stay Afloat, Retirement Funds Continue to Suffer
Federal Reserve chairman Ben Bernanke gave a psychological boost to the markets recently. When asked if some of the banks are “too big to fail,” the Fed chairman came back with an uncharacteristically straight, “absolutely.”
Critics interpret Bernanke’s response to mean that the government intends to keep big banks on life-support with our tax dollars. Even though bank bail out funds are aimed at stabilizing the marketplace, Wall Street’s continued downward spiral prompts investment advisors to look for new ways to build clients’ retirement portfolios.
Retirement Property Investments Corporation (RPIC), Imperial Capital Bank, North American Savings Bank, IRA Services, North American Title Company and other pioneers in the self-directed IRA arena have launched initiatives aimed at teaching consumers how to use self-directed IRAs to invest in real estate. For more information, visit: www.wealthyira.com
RPIC’s mission is to help educate the public, Real Estate professionals, CPAs, the legal profession, registered investment advisors, and certified financial planners about how to secure a wealthy retirement by investing self-directed IRAs in real estate.
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