As part of the Wall Street reform which was recently passed, a new body was established.  It is called the Bureau of Consumer Protection and Professor Elizabeth Warren is the person most frequently named as a possible chair for that Bureau.  However, her appointment is opposed by those most affected by this new level of [...]

Back in 2009, the Fed was harshly criticized for its inability to handle the looming economic crisis.  Some, like Senator Chris Dodd, were calling for a vast reduction in the poser of the Federal Reserve.  However, that has all changed.  “Far-reaching bank reform legislation has been approved on Capitol Hill that will be signed into [...]

The cost of the US bail out was 700 billion in the last year and overall the cost totals some 3.7 trillion of taxpayer dollars according to the Special Inspector General for the Troubled Asset Relief Program.  He stated that: “the increase was due largely to the government’s pledges to supply capital to Fannie Mae [...]

Wow, where does one begin to describe this interview/article?  Howard Davidowitz of Davidowitz & Associates shares his thoughts on the situation which created the Wall Street crisis (he asks: why have the accountants who were paid 25 million in fees and signed off on the fraudulent values of the derivatives not been sued?);  the proposed [...]

Federal Reserve Chairman, Ben Bernanke has written a manual on preventing deflation and has been implementing the steps contained therein.  “Entitled ‘Deflation: Making Sure It Doesn’t Happen Here’, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have [...]

Well, this article and interview of financial analyst and chief market strategist at Delta Global Advisors, Michael Pento, actually predicts what the Federal Reserve will do in late summer, early fall when (as he says) the existence of the deflationary recession finally takes hold in the mind of the Fed.  While I do not agree [...]

TARP was the first government stimulus program, pushed through by President Bush, with much vocal support of VP Dick Cheney.  Now there are over 90 banks who got these cash infusions (in the form of a purchase of preferred shares of the bank’s stock) from the federal government who cannot pay the required dividend on [...]

Here is an interview with Gary Shilling on how to invest.  His advice: short the markets, go long on the dollar and treasury bonds.  He mentions the ongoing deleveraging process and deflation as the main risks as well as explaining why inflation is not the highest present risk.  It is an interesting interview, which may [...]

 In yet another sign of the economic times in which we live, Fannie Mae and Freddie Mac are to be de-listed. This news alone is no shock: the companies have been on the government life line for some time now. However, it is worth recalling that not so many years ago, five at most, ownership [...]

The President of the European Commission has issued the following warning: democracy could cease to exist in Greece, Spain and Portugal if the present economic crisis is not solved.  Mr. Barroso (a former prime minister of Portugal) warned of countries running out of money, social services ceasing followed by riots followed by despotism which the [...]