The continued struggles of the banking industry to stabilize itself
concerns many who have invested for years in 401k’s, the stock
market etc… in hopes of  long term residual income upon their
retirement.  The latest news shows that many institutions are still
reeling from over extending loans and credit debt.

“The Fed has been holding auctions to supply direct loans to
commercial banks every two weeks since December.

In addition to the auctions which supply loans for 28 days to
commercial banks, the Fed announced last month that it was
employing Depression-era provisions to allow investment banks
to borrow directly from the Fed. Previously, only commercial banks
had that privilege.”

(source: Associated Press)

Many of us are facing the uncertainty these challenging economic
times offer with trepidation.  Concerns are growing in this climate
the investments and savings we thought were once secure for our
retirement years are now in question. Others who thought they
could depend on those long term residual investment funds are
losing their 401k’s by getting edged out of their jobs for younger
lesser paid replacements and have no security to fall back on.

“Former Federal Reserve Chairman Alan Greenspan said on
Tuesday the U.S. economy was in recession, and said it would
be appropriate to tap public funds to resolve the mortgage-related
crisis that has helped pull the economy under Greenspan went
farther than the Fed has by saying outright that the economy is
in a recession, although he said it is too soon to say how deep
or prolonged the downturn will be.

“Consumers are beginning to shrink in, the automobile markets
are beginning to contract, production is beginning to ease, and
we are in the throes of recession,” he said.

“I think if you’re going to deal with a situation like this it’s an issue
for appropriated funds of the Treasury to set up something like the
Resolution Trust Corporation, which as you remember was very
successful in resolving the S&L crisis,” Greenspan said.

The RTC was set up to liquidate assets of troubled savings and
loan associations that had been declared insolvent by the Office
of Thrift Supervision. It operated between 1989 and 1995 and
closed or helped resolve hundreds of thrifts, many of which had
gotten into trouble through sloppy lending practices.”

(source: Reuters)

There is however an opportunity for growth that is ready to
explode where long term residual income can be secured. The
time is ripe for the Internet business entrepreneur.  MLM as it
has been known more for its pyramid schemes of that past, is
quickly becoming a legitimate home based business opportunity.
One example is the book published by Donald Trump and Robert
Kiyaski “Why We Recommend Network Marketing” which advises
the vast opportunity that is out there, if you find the right Internet
Business.  One such group making great strides in securing incredible
residual income is the “IGB” ItsGoodBusiness Group.  Focusing on
the investing in purchasing already paying customers instead of
spending dollars on dead end leads and over saturating their
opportunity marketing to other marketers as was the norm, is
sending savvy entrepreneurs right to IGB’s doorstep.

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