These two make for strange bedfellows indeed, but both are now calling for a return to a gold standard, to a greater or lesser degree.  Both China and Russia have called for a new paper currency and now Russia is acknowledging that adding a tie between the paper and gold would help stabilize the new [...]

Car companies take government money and have unprecedented intervention in their corporate affairs.  Financial companies just take government money.  “But the White House on Monday downplayed the difference between Obama’s treatment of the automakers and the less stringent conditions it has placed on the financial industry in return for financial infusions worth billions of dollars.” [...]

“Former Securities and Exchange Commission Chairman Richard Breeden told the Senate Banking Committee Thursday that failing companies like AIG should be turned over to a special bankruptcy court rather than receive federal bailouts.”  His comparison is: an open (public) judicial proceeding where everyone knows the rules vs. the ad hoc approach of the Treasury Dept [...]

Russia, China and now the UN have all talked about a new currency.  None of those proposed currencies would be tied to gold however. 
“A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for coordinated steps by rich countries to stimulate their economies.”
“A [...]

“CHICAGO (Dow Jones) — Charter Communications has filed for Chapter 11 bankruptcy protection, following through on the intentions it announced in February, under the terms of an agreement with some of its creditors, the operator of cable-television systems said Friday.
St. Louis-based Charter (CHTR), controlled by Microsoft co-founder Paul Allen, has said it plans to [...]

Several articles have previously been sited on this blog about China and its concerns about the value of the dollar.  China is the largest lender to the US and has an enormous stake in the dollar’s continued strength.  One might see this discussion as another attempt by China to encourage the US to stop taking [...]

One of the newsletters I read comes from the folks at The Elliot Wave Theory.  They have been quoted many times on the blog.  Most recently, they have been saying that there will be a large bounce up in the markets and he have it.  Long term however, they are still negative toward the markets.  [...]

China is the largest lender to the US – the sale of US bonds finances the US debt.  Before the increase in the dollar’s value, there were some articles about China quietly converting their large dollar holdings into US assets, however I have not read anything about that lately.  The lengthy interview of the Chinese [...]

In the case of Torch Liquidating Trust v. Stockstill, 08-30404, 2/23/09, the dismissal of a complaint for breach of fiduciary duty was affirmed by the Fifth Circuit Court of Appeals where the plaintiffs alleged injury to the creditors and shareholders of the debtor corporations, but not to the corporations themselves.
Pursuant to the debtors’ confirmed Chapter [...]

“you never know where you will find a grain of truth” I offer this: Jon Stewart, the admitted entertainer who hosts “the Daily Show” interviewed Jim Cramer, the financial expert, and the results were illuminating!  Cramer lies, is proven to lie with a video tape and then  they get into a discussion about the “two [...]