From Denny: Get your crash course in crooked banking Wall Street style from your favorite comedian. He does make learning fun. Why wasn't college this entertaining?
You have all heard about how Greece is melting down financially. Recently, the European Union put on hold their $billion bailout while they await Greece to sell off some of their assets. What took the Greeks so long to get around to the obvious? They should have sold their banks and state-owned companies years ago when they were first in trouble.
If you have ever visited Greece you soon learn they have one terrific lifestyle. It's not terribly responsible on the individual level any more than on the national level. They literally party every night, spending hundreds of dollars a night. They do not save money. They don't believe in savings accounts. Amazing.
Why don't they save for that proverbial rainy day? Because they have one helluva retirement system we all would envy and start rioting to get out of our government. Get this: the Greeks get to retire at only age 53. Better yet they get to retire at the very high level of 80 percent of their income.
