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Self Insuring Property Owners Become Masters of Their Own DestinyProperty owners along the Grand Strand of South Carolina, it seems, are left with little choice but to accept higher insurance costs as a way of life in coastal areas or to take matters into their own hands by self insuring their properties as a viable alternative to traditional insurance. Tough Love: Why the Federal Reserve Should not Cut Interest RatesWith the real estate bubble having burst and the financial system in a tizzy over the attending fallout in the mortgage markets, bankers, investors, homeowners, and CEOs are calling on the Federal Reserve’s Federal Open Market Committee (FOMC) to cut the federal funds rate in an effort to avert a financial meltdown. However, the Federal Reserve should see through these self-serving calls and hold rates steady for the time being.
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