Tagged: U.S. banks

Too Big to Jail? It Sure Seems So!

Too Big to Jail? It Sure Seems So!

Joe the bug man likes to debate political issues with Sandra and me. He is one of those folks who pulled themselves up by their bootstraps and simply can’t understand why everybody else can’t...

Would U.S. Voters Let Wall Street Fool Them Again?

Would U.S. Voters Let Wall Street Fool Them Again?

Even someone as unfamiliar with the workings of Wall Street as I am could smell a rat when then Treasury Secretary Hank Paulson came running to Congress yelling that the sky was falling and...

It Looks Like “Illuminati” Run the World After All

It Looks Like “Illuminati” Run the World After All

You may have heard the conspiracy theory. It goes something like this: A small group of very rich people get together every so often and decide what’s going to happen in the global economy....

Let’s Take the Economic Crisis Seriously

Let’s Take the Economic Crisis Seriously

Even Sandra, who is a faithful follower of the 24-hour-news channels, is getting frustrated. “I wish they’d quit yapping,” she said yesterday, her hands over her ears. Me, too. I don’t care whether Rick...

Fed’s Solution to Stalled U.S. Economy: Print Money

Fed’s Solution to Stalled U.S. Economy: Print Money

Simply put, a dollar bill is just an IOU signed by the U.S. Government. So when the Federal Reserve floods the world with dollar bills you can expect America’s credit score to take a...

Think of All the Starving Millions… in America!

Think of All the Starving Millions… in America!

I have always regarded vegetables as something cows and goats should eat – or maybe rabbits. As a child I would sometimes try to feed my vegetables to one of the dogs lurking hopefully...

What Can We Do to Save Obama from “Bipartisan” Trap?

What Can We Do to Save Obama from “Bipartisan” Trap?

Writing for an online service called Truthout, Gerald Epstein sounds the alarm as Obama’s “bipartisan” economic team seems about to push the new President into a catastrophic blunder: The irresponsible, and even fraudulent, behavior...

It’s Amazing How Quickly the Bush Gang Finds Money for Banks

It’s Amazing How Quickly the Bush Gang Finds Money for Banks

The Bush Administration can’t find funds to help struggling homeowners, bail out the auto industry, or prop up credit starved small businesses. But can those guys ever find the money when one of the...