Tags: Banks + Federal Reserve + JP Morgan + obama + TARP + Treasury + Wells Fargo
Enthralled deep into the credit crisis of their own making, banks have their hands out for more bailout money and are sticking together to dictate terms of acceptance from our Government. This may be the epitome of arrogance, but cartels have that power. For example, banks have refused loans with caveats not to pay dividends or […]
November 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Banks + CDOs + Congress + Derivatives + Fed + Federal Reserve + Greenspan + Swaps
Former Fed Chairman Alan Greenspan has dispicable culpability in the current financial crisis- not primarily because of his loose monetary policy, or narrow-minded bent for free market solutions, but because his blatant failures of oversight and flawed advice to Congress amounted to no less than incorrigible bad judgment, because his lack of balance as Chairman
October 22, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Banks + Bernanke + BOA + C + Capitalism + Federal Reserve + IMF + JP Morgan + Paulson + Treasury
The world is witnessing the decapitation of American Capitalism. Understand that this is not the indictment of Capitalism as an economic system, nor the socialistic hurray following the defete of market economies, but the affirmation of free market capitalism left un-altered. America democratized Capitalism and made it unstable. It created a hybrid system of Capitalism based […]
October 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Banks + creditcards + Economy + FDIC + freddiemac + GNMA + mortgage + Risk Regulator
Since the beginning of the sub-prime housing implosion, the Bush Administration has staunchly re-assured us that everything is OK. Indeed, a year ago at the White House President Bush, Treasury Secretary Paulson, Fed Chief Ben Bernanke, and Commerce Secretary Carlos Guitierrez all reassured us that this housing glitch was no problem and in any case only a minuscule part of […]
July 15, 2008 - Politics - 0 Comments
Recent Comments