How is it possible in a democratic republic that the Federal Reserve spends trillions of our dollars without our permission, indebts us for generations to come without even a vote by Congress?
How long will we permit the major banks to "game" our economic system? Or, maybe it's time to frankly acknowledge they have become the De facto fourth branch of our government, without any amendment to our Constitution.
J.P. Morgan Chase is buying a stake from MF Global in the London Metals Exchange that will make it the largest single share holder ahead of guess who? Right, Goldman Sachs!
It has been an intense primary season, with a number of candidates rising to the top of media discussion only to fade just as quickly. Here are nine reasons why Herman Cain's campaign may also burn out.
Think of Iraq as the AIG of wars -- the only difference being that the bailout there didn't involve just three payouts. More than eight years after the Bush administration invaded that country, the bailout is, unbelievably enough, still going.
Among many amusing moments watching the Republican debate was seeing how they condemned the 2008 TARP plan to bail out the financial industry. They all made it sound like it was some Democratic government giveaway, which could not be further from the truth.
"We are the ones we have been waiting for."- thus said candidate Barack Obama who used it for a Presidential campaign speech in February 2008. Althou...
Conservatives proclaim that they believe in freedom and the free market. But freedom never meant the right of a handful of to steal most of the nation's wealth, run roughshod over the rest of us and wreck the country for a buck.
The Government Accountability Office says that our government has handed out $16 trillion to the banks. All of that money went from you and me to the banks. And we got nothing. Not even a toaster.
When I stepped down as the Special Inspector General for TARP at the end of March, I warned that HAMP was falling far short of its stated goals and even further short of meeting the urgent needs of American homeowners. Unfortunately, there has been little improvement since then.
In covering the Wall Street protests for CNN, Erin Burnett made her assumption that the demonstrators didn't really know what they were talking about crystal clear.
We've just learned about the Federal Reserve's extraordinary secret bailout of the country's big banks. How much outrage is required before people demand rigorous bank reform, strong regulation, and criminal investigations?
On Friday S&P downgraded U.S debt from AAA to AA+, the first such downgrade in the nation's history resulting in grave concerns over the outlook for the U.S. economy. Yet simultaneously they must have been popping champagne corks at Pimco.
In any reasonable negotiation, both sides can assume that certain outcomes can safely be ruled out, chief among them the possibility that one party wi...
If we don't break up this unholy alliance between banks and governments and the IMF and the ECB and the Fed now, the problem will only get worse.