"A spectre is haunting Europe." No, its not the revolution that Karl Marx supposed would come about. It is the simple act of removing all of our money from the big banks, and doing so en masse on the same day -- December 7th.
The Bank of North Dakota has garnered attention for its continued profitability. Momentum is building for a sane kind of banking system that works for the people and state instead of the bottom line of banks and shareholders.
Change was never going to originate in Washington, D.C. Change is always catalyzed by social movements. The legitimate anger that animates the Tea Partiers may be misplaced, but most of us share their outrage at the system.
In a calmer climate, Senator John Thune (R-S.D.) makes for a credible presidential candidate. However, he carries with him what has turned out to be, in this election cycle, a black mark: He voted for the Troubled Asset Relief Program.
As anthology films go, Freakonomics is an entertaining -- if occasionally scattershot -- documentary. But then, that was the nature of the book by Steven Levitt and Stephen Dubner, upon which the film was based.
For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.
I've been reading Maria Bartiromo's new book, The Weekend That Changed Wall Street. A better title might have been "The Weekend that Changed the World." It was America's chance to bottom out. We didn't.