Tagged: bailout

Credit Rating Agencies May Take the Fall But Who Else is to Blame?

Credit Rating Agencies May Take the Fall But Who Else is to Blame?

It looks as if the three major agencies that rate Wall Street securities will wind up taking the fall for the wise guys who bilked investors of trillions through phony mortgage-based bonds. The agencies...

I Knew the Bailout Was a Trick to Steal Taxpayers’ Money

I Knew the Bailout Was a Trick to Steal Taxpayers’ Money

You might recall that I wrote a blog expressing my suspicions when the $700 million bailout was passed by Congress and immediately signed into law by George W. Bush. Here’s what I said: The...

Is This the End of Banking as We Know It? Probably Not

Is This the End of Banking as We Know It? Probably Not

With the governments of the world’s industrialized nations now up to their armpits in the international banking system, this could provide an opportunity to end five centuries of institutionalized fraud, which has created a...

Tommy Douglas Must Be Turning in His Grave. They Found the Bush!

Tommy Douglas Must Be Turning in His Grave. They Found the Bush!

When I was a young reporter, which is a very long time ago, the Toronto Star assigned me to cover a politician named Tommy Douglas as he campaigned across Canada for the New Democratic...

McCain is Hitching a Ride on the Foreclosure Rescue Bandwagon

McCain is Hitching a Ride on the Foreclosure Rescue Bandwagon

It was amusing to hear John McCain come up with his “new” plan to save homeowners from foreclosure. Where has this guy been hiding? Doesn’t he know about the efforts already under way to...

Is This Another Coup by The Mob? Shh! Don’t Tell Sandra

Is This Another Coup by The Mob? Shh! Don’t Tell Sandra

I am not allowed to mention The Mob in my house any more. My wife Sandra will leave me if I do. She says I am obsessed with the notion that The Mob controls...

It’s Time to Move Your Billions (from Oil) into Real Estate

It’s Time to Move Your Billions (from Oil) into Real Estate

Remember, you heard it here first: Oil prices will keep falling for a while. There will be daily undulations, of course, but overall oil prices are headed south. Looking into my crystal ball, I’m...