One downside of the free speech in this country, is one can hear or see all kinds of shenanigans or “God damned lies” on TV (both network and cables), on radio, and the latest and greatest the social medias.
Examples of financial frauds in America I read today 11-22-2024 Friday:
CNBC: ‘I have no money’: Thousands of Americans see their savings vanish in Synapse fintech crisis : ladies and gentleman, if you voted for Trump after this loss, I won’t judge you.
WSJ: ‘I Don’t Know Where to Turn or What to Do.’ His $763,094 Retirement Fund Is in Limbo. subtitle: Richard Whitacre transferred his entire 401(k) into an account offering a ‘guaranteed’ 15.25% return. Will he ever see his money again?
Major’s Rule Number 1
If something is too good to be true: IT IS A LIE e.g.: ‘guaranteed’ 15.25% return (annually?) – Run not just walk, when you hear this kind of guaranteed return.
Major’s Rule Number 2
Refer to rule number 1