AUGUST 31, 2011 The Obama administration repeats mistakes of the past by intimidating banks into lending to minority borrowers at below-market rates in the name of combatting discrimination. By MARY KISSEL Talk about not learning from past mistakes: A government department is again intimidating banks into lending to minority borrowers at below-market rates, all in
JUSTICE DEPARTMENT’S NEW WAR AGAINST BANKS Read More »
THE NEW YORK TIMES August 27, 2011 The Rescue That Missed Main Street By GRETCHEN MORGENSON FOR the last three years we have been told repeatedly by government officials that funneling hundreds of billions of dollars to large and teetering banks during the credit crisis was necessary to save the financial system, and beneficial to
THE FED BAILS OUT LARGE GLOBAL FINANCIAL INSTITUTIONS Read More »
AUGUST 26, 2011 How is increasing the price of imported oil and industrial commodities supposed to make U.S. industry more competitive? By ALAN REYNOLDS One year ago, on Aug. 27, 2010, Federal Reserve Chairman Ben Bernanke explained the rationale for a second round of quantitative easing. “A first option for providing additional monetary accommodation is
THE FED VS THE RECOVERY Read More »
AUGUST 24, 2011, 7:08 P.M. ET Notable & Quotable Andrew Hacker and Claudia Dreifus on why student loans are skyrocketing—and can’t be escaped even through bankruptcy. Professors Andrew Hacker and Claudia Dreifus at Atlantic.com, Aug. 17: As this semester begins, college loans are nearing the $1 trillion mark, more than what all households owe on
WHY STUDENT LOANS ARE SKYROCKETING Read More »
FOX NEWS segment in 2008 – Chuck Schumer and Barney Frank block Fannie and Freddie reform
Published on FINANCIAL SENSE (http://www.financialsense.com) By James Quinn Created 15 Aug 2011 The utter failure of QE2, hollow Congressional spending “cuts” that will keep the National Debt on track towards $23 trillion by 2021, S&P downgrade and recent plunge in the stock market are the first cracks in the façade of the great American Empire.
BERNANKE IMPOVERISHING GRANDMOTHERS TO BENEFIT WALL STREET BANKERS Read More »
AUGUST 21, 2011, 7:41 P.M. ET A week in the life of the Obama recovery. Financial markets are in turmoil, investors are fleeing to safe havens, and the chances of another recession are rising. This would seem to be a moment when government should be especially careful to do no harm, to talk and walk
HOW NOT TO GROW AN ECONOMY Read More »
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
EUROPEAN CRISIS DEEPENS Read More »
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
THE NIXON SHOCK HEARD ‘ROUND THE WORLD’ Read More »
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
ON MORTGAGE RATES, OBAMA WANTS PROPOSAL FOR HOW GOVERNMENT CAN KEEP BIG ROLE Read More »
