Strategic Default: Watch Elites Freak Out To the Trend That Isn’t Happening. Today, January 11, 2011, 21 minutes ago | Mike Remember this guy? David Walker of the Peterson Institute gets nostalgic about debtors prisons for strategic defaulters. There is a norm asymmetry being ruthlessly exploited between how people and businesses view debt. Strategic default is not a phenomenon in any empirical data, but it is a boogeyman that needs to be ruth … Read More
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Author: timothymccandless
I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked. View all posts by timothymccandless
The Hedge 
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