Global Bank Tax Will Be Subject of June G-20 Summit
The International Monetary Fund proposed a draft of two global taxes — a bank tax, and a “FAT” tax against what politicians deem...
Economy
Finance ‘Regulatory Reform’ Would Extend to Main Street
"Congress is to be applauded for tackling financial regulatory reform," wrote U.S. Chamber of Commerce president Thomas J. Donahue in an op-ed piece...
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“Orderly Liquidation” Awaits Financial Firms
Some of the opponents of the recently enacted health care legislation may have been premature with their warnings about "death panels." A death...
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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 bank Goldman Sachs. The SEC alleges that Goldman committed...
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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...
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Strategic Defaults: Morality vs. Reality
According to RealtyTrac, nearly 3 million foreclosures were filed in 2009. And with almost 10 percent of all mortgages now delinquent nationally, those...
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Fed Ends MBS Intervention
The Federal Reserve ended its largest intervention in the housing market on April 1, ceasing its purchase of Mortgage-Backed Securities (MBS) that began...
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Real Unemployment Still in 17 Percent Range
According to the U.S. Labor Department, the economy added 162,000 jobs in March, the most since the beginning of the worst recession since...
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Geithner: Jobless Rate to Stay “Unacceptably High”
Voice of America on April 1 quoted U.S. Treasury Secretary Timothy Geithner’s statement that the U.S. jobless rate will be "unacceptably high" for...
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Housing: Washington Only Delaying Inevitable
Friday’s announcement of more intervention in the housing mortgage market will result in a deeper, longer, and more painful delay in the inevitable...
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Fed Loses Secrecy Suit, Considering Options
The Federal Reserve lost an appeal March 19 in a bid to keep hidden the details of its estimated $2 trillion in bailouts...
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Social Security Trust Fund in Red, Drawing on Federal IOUs
The March 15 Associated Press story was blunt: "For more than two decades, Social Security collected more money in payroll taxes than it...
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Lehman Bros.: Pinprick That Burst the Bubble
The culprits blamed for the failure of Lehman Brothers in September of 2008 included the company’s top executives, their accountants, their highly-leveraged loans...
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Bailout Baloney — Insurance
On Wednesday, February 10, Federal Reserve Chairman Ben Bernanke expressed confidence that every cent of the Federal Reserve’s exposure to insurance giant AIG...
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Sluggish Spending and the Non-Recovery
Coming in the immediate aftermath of news that the sale of new homes dropped in January to its lowest point in 50 years,...
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