The F Word: Holiday Spirit?
It's that familiar season, full of quaint old false beliefs. Like that crazy Santa Claus notion there's such a thing as just desserts. Who's been naug...
It's that familiar season, full of quaint old false beliefs. Like that crazy Santa Claus notion there's such a thing as just desserts. Who's been naug...
The Fed needs to go on the offensive and force banks to reduce loans to reflect their real property values -- not the values based on a Wall Street Ponzi scheme that drove up housing costs.
I wish to make clear that this is purely hypothetical. If anything like this actually happened, I was not in the room. Therefore, I ask you to consider it as purely a supposition.
Banks have been frustrating the administration's efforts of economic revival by being reluctant to lend, and the president has been complaining about it.
Never mind Barack Obama's Audacity of Hope. It's the audacity of the banks that takes your breath away.
We could use some banks with glass walls... Banks that don't operate like black boxes and put the entire economic system at risk with their risky trading ventures.
Will the US strip Credit Suisse of their charter to do business in the US? Of course not. We live in the wild, wild west. If you pay a fine, you can jump right back into screwing people over again.
The bank bailouts are now expected to cost $200 billion less than initially anticipated. When last week President Obama rightfully proposed using thes...
Time Magazine's editors got a jump on April Fools Day when they named Fed Chairman Ben Bernanke its Person of the Year. Here's what Bernanke did sin...
The financial system in this country has been rigged and my new bill to re-establish Glass-Steagall will help undo the circumstances that led to this most recent collapse while helping to prevent future ones.
Our leaders have chosen to shift the burdens onto the U.S. public and refuse to regulate Wall Street. It's almost as if Wall Street owns Washington.
Common sense should have told these gentlemen that when the President of the United States summons you to the White House, you check the weather ahead of time and plan accordingly.
Do the super-rich really earn their wealth? Financial wealth is a slippery concept especially as it slithers through a mountain of bailouts now running somewhere near $13 trillion.
I haven't seen any polls on a breakdown of trust, polls saying how the public feels about WashWall, the entity. The president has been blasting Wall Street since he took office. Much talk, no action.
Imagine that the explosive printing of broad money, which has been the case since the founding of the Federal Reserve in 1913, ceased tomorrow.
Will Congress Replace the CFPA With a Coalition of Unwilling Regulators? Washington often seems like Superman's Bizarro World where "Us is opposite....
This article originally appeared on my site Credit Writedowns That is the question Newsweek asked of the Democratic Congressman from Massachusetts in...
This article originally appeared on my site Credit Writedowns. Note: Since this post was published, three more banks in Georgia have failed. Read deta...
This article originally appeared on my site Credit Writedowns When I read Yves Smith's recent comments on Bank of America's repayment of its TARP fun...
In its new regulations, the Fed did Americans a huge disservice, doing away with consumers' potential right of recovery of overdraft charges -- which will total nearly $37.5 billion in 2009 alone.
This article originally appeared on my site Credit Writedowns. AmTrust Financial, a privately held regional bank holding company based in Cleveland, ...