Banking

EUROPEAN CRISIS DEEPENS

blogs.the-american-interest.comhttp://blogs.the-american-interest.com/wrm/2011/08/18/european-crisis-deepens/ European Crisis Deepens | Via Meadia The bad news just keeps coming. Coming close on the recent revelation that economic growth is slowing faster than expected in France and Germany, British labor figures have disappointed forecasters and it seems that Greece is heading for yet another recession despite optimistic predictions to the contrary. A familiar […]

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THE NIXON SHOCK HEARD ‘ROUND THE WORLD’

AUGUST 15, 2011 By severing the dollar’s convertibility to gold in 1971, the president ushered in a decade of inflation and economic stagnation. By LEWIS E. LEHRMAN On the afternoon of Friday, Aug. 13, 1971, high-ranking White House and Treasury Department officials gathered secretly in President Richard Nixon’s lodge at Camp David. Treasury Secretary John

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ON MORTGAGE RATES, OBAMA WANTS PROPOSAL FOR HOW GOVERNMENT CAN KEEP BIG ROLE

washington post By Zachary A. Goldfarb, Updated: Monday, August 15, 10:25 PM President Obama has directed a small team of advisers to develop a proposal that would keep the government playing a major role in the nation’s mortgage market, extending a federal loan subsidy for most home buyers, according to people familiar with the matter. The decision

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JEB BUSH – NEW STRATEGY FOR ECONOMIC GROWTH

AUGUST 10, 2011 A New Strategy for Economic Growth Growth is not just about economics. Growth unleashes human potential. By KEVIN WARSH AND JEB BUSH As the economy continues to struggle, we are reminded of a course offered at Yale University titled “Grand Strategy.” Drawing on a weighty curriculum of history and philosophy, the course

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LIMBAUGH ON MARKET COLLAPSE

Newsmax Limbaugh on Market Collapse: Obama Engineering the Decline of America Monday, August 8, 2011 06:17 PM By: Jim Meyers Top-rated talk radio host Rush Limbaugh finds a “silver lining” in the downgrading of America’s credit rating: There no longer is any doubt that President Barack Obama can be roundly defeated in 2012. “Obamageddon —

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EURO DREAM THREATENS TO BECOME NIGHTMARE

IrishTimes.com DAN O’BRIEN Sat, Aug 06, 2011 ANALYSIS: LAST WEEKEND the world’s attention was on Washington DC as America’s politicians peered into the abyss of sovereign default. On Sunday they stepped back. This weekend attention is on Rome and Madrid. Politicians in those two capitals are sliding towards the same abyss. But there is a

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GLOBAL SELLOFF – AUGUST 4, 2011

AUGUST 5, 2011 Stocks Nose-Dive Amid Global Fears Weak Outlook, Government Debt Worries Drive Dow’s Biggest Point Drop Since ’08 By TOM LAURICELLA Stocks spiraled downward Thursday as investors buckled under the strain of the global economic slowdown and the failure of policy makers to stabilize financial markets. The selling began in Europe and continued

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ERIC HOLDER’S NEWEST WITCH HUNT – THE BANKS

August 3, 2011 Eric Holder’s Newest Witch Hunt By Bob Beauprez 7/31/2011 The Department of Justice is executing a “Witch Hunt” against banks. Through the DOJ’s Civil Rights Division, Attorney General Eric Holder is forcing banks to “relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new

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BOOK REVIEW – RECKLESS ENDANGERMENT

Published on The Weekly Standard (http://www.weeklystandard.com) Guilty Men The political origins of the meltdown. Christopher Caldwell July 25, 2011, Vol. 16, No. 42 Reckless Endangerment How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon by Gretchen Morgenson & Joshua Rosner Times Books, 352 pp., $30 To have served as the intellectual architect of the

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THE ROAD TO FISCAL RUIN – OUR ENTITLEMENT STATE

JULY 28, 2011 The Road to a Downgrade A short history of the entitlement state. EXCERPT FROM THIS ARTICLE: Many on the left still blame Ronald Reagan, but the debt increase in the 1980s financed a robust economic expansion and victory in the Cold War. Debt held by the public at the end of the

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