Dubai Completes 110 Story Middle Finger!
(Reuterz - Dubai) Visible from space, Dubai has completed construction of the World's largest structure, The 110 story "Burj Dubai Middle Finger T...
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Why is Obama Championing Bush's Financial Wrecking Crew?
Obama promoted the architects of the financial disaster and demands that we hail them as heroes because they, and Wall Street, only wrecked the economy -- they haven't (yet) utterly destroyed it.
The Key Question No One Asked About Goldman's Role In The AIG Bailout
Did Goldman and the other banks know for certain that the bankruptcy of AIG was no longer a risk for them? That the Fed and Treasury were now irrevocably committed to saving AIG?
Protestors to Goldman Sachs: "You Are Not God" - Bernanke Explains Why
Goldman Sachs is, in the words of Rolling Stone journalist Matt Taibbi, "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
New York Times Blames Workers for Unemployment?
A column in the Business section was about how the American worker is overpaid. They claim that if workers don't take cuts, these "overpaid" working stiffs will be the cause of another Great Depression.
Fed Releases Rare "Snapshot" on Economy
In a rare glimpse behind the closed-doors of The Federal Reserve, Chairman Ben Bernanke released a snapshot of the economy they have been looking at for months.
The Audacity to Change
Obama, like Kennedy, needs to overcome the dubious counsel of his own advisers, this time both economic and military. The president needs to listen to other voices, including his own.
Why Financial Literacy is a Mirage
What makes financial literacy such an attractive goal today? One benefit is that it deflects attention from reforming financial services.
A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
Watch Out for the Turkeys!
Regarded as the more conspicuous economic turkeys, those who have openly signaled the death of the recession, are President Obama, Ben Bernanke and Warren Buffett. Likewise, an editorial turkey is Newsweek.
Happy Halloween: Pay Curbs are a Trick on the Taxpayer, Not a Treat
The new pay regulations are ostensibly designed to try to align the financial incentives of managers with the longer-term performance of their firms. This measure reeks of bogus populism.
2010: The Year Main Street Sticks It to Wall Street and Washington
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
Barack Obama Is Doing My Job; Why America Needs Him to Do His
When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.
Bernanke Solves the Wrong Deficit
Ironically, the recession has been good for our trade deficit. We can't buy as much and don't have as much money to spend. But it can't last and we don't want it to.
Dodd's Bill Protects Customers From Abusive Overdraft Fees
Ninety percent of bank overdraft fees happen to only ten percent of checking account holders, comprising those people who are also the most vulnerable.
The Best and Worst Economic Forecasts of All Time
Perhaps the most inaccurate and inept economic forecast of all time was delivered relatively recently by Ben Bernanke who n October '05 said, "There's no housing bubble to go bust"
Sacrificing to the Volcano God
Hundreds of years ago the Incas would sacrifice virgins to appease their Volcano God. The Gods (the banks) and the methods (bailouts) may have changed, but the tradition remains.
Where's Our Money?
Before Ben Bernanke is reconfirmed for a second term, we think the Senate and American public should know who got the $2 trillion the Federal Reserve has lent out over the last two years.
It's Time to Teach Children About Money
I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.
Sorkin On What Happened After Lehman
New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.
Doom, the Rerun
With a few exceptions, the Lehman coverage consisted of the usual anniversary fare, from the pedestrian where-are-they-now stories to the handwringing what-have-we-learned pieces.
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