WealthWise Moment: 8-5-20

It’s Earning season, Loreen explains what the 2nd quarter numbers reflect. We discuss the impasse in the negotiations for the next relief package, BP investing billions of dollars into green energy, The T-Mobile – Sprint merger, and answer the question, what went wrong with Sprint? Loreen talks about the Kodak loan from the US Govt., and the spectacular rise in stock, as well as the possibilities of insider trading. She also addresses my question of whether or not that is the government picking winners & losers, and indulges a question of mine, whether it’s the street equivalent of a loan shark loaning money to pay bills, but that money is used to gamble? Also, we get great insight into combining life insurance & charitable donations.