New Insights in State of Union Address

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On Wednesday President Obama will gave his annual State of the Union Address to the Congress and American people. The world was listening. The message was that the US already had a mountain of debt, was engaged in two wars, and had sank deep into the worst recession since the Great Depression before the current [...]

January 30, 2010 - Economy - 0 Comments

Obama moves to Financial Reform

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Fresh off a setback for healthcare reform due to the loss of the Massachusettes Senate seat to the Republicans, President Obama moved straight on to the aggregious behavior of banks telling them they would have to pay the government back for the bailouts they’ve recieved by paying an extra tax on liabilities held. Since [...]

January 21, 2010 - Economy - 0 Comments

Why Gov’t is no match…

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Watching the opening round of questioning of the ‘too big to fail’ banks by members of the Financial Crisis Inquiry Commission underscores what a heap of trouble we’re in and the likliness that meaningful financial reform will not happen. One one side of the bench you have uniformed, ill-equiped commission members taking jabs at savy, [...]

January 14, 2010 - Economy, Politics - 0 Comments

Fed tries to hide benfactors…

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The Federal Reserve goes back to court in a few months to block Bloomberg’s lawsuit under the Freedom of Information Act to see which banks got favored treatment by the Fed & Treasury with the bailout funds. The Fed’s argument is that should the public know who got the funds there could be a run [...]

January 11, 2010 - Economy, Politics - 0 Comments

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