Banking

GINGRICH OF FREDDIE MAC

DECEMBER 19, 2011 The Speaker’s defense is hurting him as much as his $1.6 million payday. Newt Gingrich’s opponents aren’t letting up in their criticism of his lucrative ties to the failed mortgage giant Freddie Mac after he resigned as House Speaker in the late 1990s. More damaging to his Presidential candidacy is that Mr.

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OCCUPY WALL STREET – OCCUPATIONAL THERAPY

Published on The Weekly Standard (http://www.weeklystandard.com) Occupational Therapy A movement custom-designed to hurt liberals. Noemie Emery December 19, 2011, Vol. 17, No. 14 “God, I love ’em,” wrote Eugene Robinson in the Washington Post not long after the glorious dawning of Occupy Wall Street, saying that the protests “arise at just the right moment and

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THE TOXIC TWINS – WHAT FANNIE AND FREDDIE KNEW

DECEMBER 23, 2011 What Fannie and Freddie Knew The SEC shows how the toxic twins turbocharged the housing bubble. Democrats have spent years arguing that private lenders created the housing boom and bust, and that Fannie Mae and Freddie Mac merely came along for the ride. This was always a politically convenient fiction, and now

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FINANCIAL REGULATION: WORSE THAN A CRIME

DECEMBER 12, 2011 In the U.S. mortgage crisis and the European sovereign debt crisis, bad policies subsidized bad investments. By L. GORDON CROVITZ EXCERPT FROM THIS ARTICLE:  The reason prosecutors can’t prove criminal intent is that in many cases the bankers were simply trading in compliance with the regulations governing them. Art imitates life, even

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MR. CORZINE AND HIS REGULATORS

DECEMBER 1, 2011 MF Global and the new era of crony capitalist regulation. More than $1 billion of client money is still missing at failed brokerage MF Global, according to the bankruptcy trustee’s latest estimate. At Thursday’s hearing of the Senate Agriculture Committee, the company’s principal regulator will try to explain how his agency failed

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VIDEO – BRZEZINSKI – SOCIALLY UNJUST NATION

ZBIGNIEW BRZEZINSKI, CARTER’S NATIONAL SECURITY ADVISOR ON MSNBC, DEC 2, 2011 U.S. AMONG THE MOST SOCIALLY UNJUST NATIONS WORLDWIDE Visit msnbc.com for breaking news, world news, and news about the economy

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THE FEDERAL RESERVE, NOW BAILING OUT POLITICIANS

US NEWS & WORLD REPORT December 1, 2011 by Rick Newman The bank bailouts in 2008 and 2009 were controversial because wealthy bankers seemed like the last people who needed help. Now, the Federal Reserve and other central banks are rescuing one group held in even lower regard than bankers: politicians. [See 11 dates investors need

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THE BARNEY FRANK ERA

NOVEMBER 30, 2011 The Congressman from Fannie Mae retires. It is a newspaper truism that what is good for journalism is bad for the country, and vice versa. Let’s just say that regarding the pending retirement of Congressman Barney Frank, we’re delighted to make the professional sacrifice. Few House Members have made a bigger legislative

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THE PUBLIC SECTOR UNIONS ARE THE NEW TAMMANY HALL

NOVEMBER 26, 2011 ‘The New Tammany Hall’ The historian of the American city on what Wall Street and the ‘Occupy’ movement have in common, and how government unions came to dominate state and local politics. By MATTHEW KAMINSKI New York ‘What has the country so angry,” says Fred Siegel, “is the sense that crony capitalism

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THE EURO ZONE, IS THIS REALLY THE END?

THE ECONOMIST Unless Germany and the ECB move quickly, the single currency’s collapse is looming Nov 26th 2011 | EVEN as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the

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