Making a Disaster National: Massachusetts’ Romney-care v. Obama-care
With all the alarm by Republicans on the “right” over Obama-care, Americans should take a closer look at Massachusetts' health care legislation. The...
Economy
Govt Turns on Goldman Sachs, One of Its Kept Financials
The Securities and Exchange Commission filed a lawsuit April 16 against New York-based investment...
Strategic Defaults: Morality vs. Reality
According to RealtyTrac, nearly 3 million foreclosures were filed in 2009. And with almost...
Fed Ends MBS Intervention
The Federal Reserve ended its largest intervention in the housing market on April 1,...
Real Unemployment Still in 17 Percent Range
According to the U.S. Labor Department, the economy added 162,000 jobs in March, the...
Geithner: Jobless Rate to Stay “Unacceptably High”
Voice of America on April 1 quoted U.S. Treasury Secretary Timothy Geithner’s statement that...
Housing: Washington Only Delaying Inevitable
Friday’s announcement of more intervention in the housing mortgage market will result in a...
Fed Loses Secrecy Suit, Considering Options
The Federal Reserve lost an appeal March 19 in a bid to keep hidden...
Social Security Trust Fund in Red, Drawing on Federal IOUs
The March 15 Associated Press story was blunt: "For more than two decades, Social...
Lehman Bros.: Pinprick That Burst the Bubble
The culprits blamed for the failure of Lehman Brothers in September of 2008 included...
Bailout Baloney — Insurance
On Wednesday, February 10, Federal Reserve Chairman Ben Bernanke expressed confidence that every cent...
Sluggish Spending and the Non-Recovery
Coming in the immediate aftermath of news that the sale of new homes dropped...
Senate Passes 15 Billion ‘Jobs’ Bill
As President Barack Obama’s jobless “recovery” is showing more and more signs of being...
Home Sales Drop to 50-Year Low
There are further signs that Barrack Obama’s jobless “recovery” is, in fact, no recovery...
Bailout Baloney – Banking
More than a year has elapsed since the U.S. economy went into a tailspin...
Federal Stimulus Almost Gone: Education Budget Woes
Sam Dillon of the New York Times reports that the depletion of federal stimulus...
Fed Trying to Protect Bailout Secrecy
Last summer, a federal judge ruled that the Federal Reserve must disclose the identities...
Obama Ponders New Taxes on Banking
The Obama administration is considering asking Congress to impose higher taxes on banks as...
Stimulus Funding Failed to Create Jobs
The Associated Press has conducted an economic analysis to determine the effect of the...
GMAC Will Get More Bailout Money
GMAC Financial Services, the former financial arm of General Motors, is set to receive...