The Cramer interview is breathtaking in exposing the administration's total lack of understanding of the distorted formation of the price of oil and gasoline in today's markets and seemingly impervious to its cost to the economy and its destructive impact on jobs.
If we as Americans accept the idea that the only hope for our future rests with the rich and the multinationals, and that we must abandon the fundamental principle of equality of opportunity, then perhaps we need to take another look at the American Dream.
As people work to make money on Main Street, insurance plays a key role in making sure that an illness, fire, or accident does not put them out of business and that the financial goals for families and charities are met if the person who set the goals dies before they are achieved.
Most people don't have piles of cash lying around and aren't counting on a big lump sum. Getting out of credit card debt is a slow process where you need to have a long-term goal.
If Americans like the idea of self-employment and know it presents the greatest opportunity for growth, what is stopping some of them from taking the plunge?
"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.
While opponents of the financial reform have zealously sought a reprieve for the nation's bankers, perhaps what is most striking is that there has been no reprieve for the American families crushed by the financial irresponsibility in which those bankers engaged.
The sad lesson of Dodd-Frank is that Wall Street is too powerful to allow effective regulation of it. The only answer left is to break up the giant banks with antitrust action.
The most striking lessons from the financial crisis and its aftermath already appear either to have been forgotten or to have never been learned. The American financial system can still be brought to its knees by the poor decisions of a small group of executives.
Bill Clinton's Newsweek cover story shows that the man has long been convinced that there is no problem or contradiction of his that cannot be simply plastered over with blather. Sadly, he may be right.
The U.S. economy is surviving only because of over-stimulation. We're living on fumes in this country, and the pursuit of happiness has come to an end for millions of families.
While many of us regard diversity as a positive value in and of itself, there's a business case to be made as well: We're talking about a large and growing market.
The cost of data breaches continues to rise, and it's no surprise that many find themselves asking, "If the high-profile companies are at risk, what's the small business to do?"
The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.
Maybe, with the tough new demand to increase statutory capital far beyond what the banks were willing to do, there will be a banking system that is more protective of itself.
The myth of American financial competence is underscored by the latest story of how Goldman Sachs lost 98% of a $1.3 billion investment by Libya's sovereign wealth fund. Wow, in Goldman Sachs We Trust!