Seems what goes around, comes around … “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries
OBAMA QUOTE ON THE DEBT LIMIT FROM 2006 Read More »
Burning down the house By George F. Will, Published: July 1 “The louder he talked of his honor, the faster we counted our spoons.” — Emerson The louder they talked about the disadvantaged, the more money they made. And the more the financial system tottered. Who were they? Most explanations of the financial calamity have been
THE ROOTS OF THE HOUSING CALAMITY – GEORGE WILL Read More »
FORBES by Steve Forbes Fact and Comment For Whom The Greek Bell Tolls 07.18.11 Given its rich mercantile heritage in the Mediterranean, Greece should be the Hong Kong/Singapore/ Switzerland of the Balkans. Its emigrants and their descendants have been huge business successes in the U.S., Australia, New Zealand, Canada and elsewhere. Yet Greece is bankrupt,
FOR WHOM THE GREEK BELL TOLLS – STEVE FORBES Read More »
JUNE 28, 2011, Normal interest rates would raise debt-service costs by $4.9 trillion over 10 years, dwarfing the savings from any currently contemplated budget deal. By LAWRENCE B. LINDSEY Washington is struggling to make a deal that will couple an increase in the debt ceiling with a long-term reduction in spending. There is no reason
THE DEFICIT IS WORSE THAN WE THINK Read More »
Having trouble viewing this email? Click here THE ROCHE RECORD June 28, 2011 EARLY ANNOUNCEMENT: GET READY AMERICA, FRANK IS HITTING THE AIRWAVES I’LL BE HOSTING MY OWN SHOW ON WRDU FM 106.1 IN RALEIGH, NC. A CLEAR CHANNEL POWERHOUSE AND THE HOME OF RUSH RADIO. I’LL BE BRINGING THE EVENTS OF NORTH CAROLINA AND THE
FRANK ROCHE COMING TO RADIO – WRDU FM 106.1 RUSH RADIO Read More »
JUNE 17, 2011 The longer banks hold rotten paper, the likelier a second financial crisis becomes. By John H. Cochrane And Anil Kashyap Greek debt is in trouble—again. After a month of dickering, it seems likely that the International Monetary Fund and the European Union will agree to roll over Greece’s debt so bondholders will
EUROPE’S GREEK STRESS TEST Read More »
JUNE 15, 2011 Notable & Quotable Lawrence B. Lindsey on how the Federal Reserve has forced itself into keeping interest rates low. Economist Lawrence B. Lindsey writing in the Weekly Standard, June 13: Right now, thanks in large part to Federal Reserve policy, Uncle Sam can borrow at an average cost of just 2.5 percent.
THE FED IS IN A BOX Read More »
THE ROCHE RECORD by Frank Roche June 12, 2011 CREDIT DEFAULT SWAPS STILL BEING TRADED The Credit Default Swap (CDS): an insurance product to protect an investor in corporate or government bonds from default by the issuer of the bonds. Buyers of CDS get the protection, and the seller of the swap takes on the
CREDIT DEFAULT SWAPS STILL BEING TRADED Read More »
Published on Washington Examiner (http://washingtonexaminer.com) By Timothy P. Carney Jun 14 2011 – If your goal were to foster more political cronyism, reward lobbyists, entrench incumbents, enrich the politically connected, and get the revolving door spinning faster, you would have a hard time crafting a more useful piece of legislation than the Dodd-Frank financial regulation
DURBIN, TESTER, LOBBYISTS, AND THE DODD-FRANK CORRUPTION MACHINE Read More »
JUNE 14, 2011 Lebanon is a money-laundering haven for the region’s bad guys. By BRET STEPHENS EXCERPT FROM THIS ARTICLE: Following the February 2005 assassination of former Lebanese Prime Minister Rafik Hariri, a U.N. investigation noted that “it very much seems that fraud, corruption, and money-laundering could also have been motives” in the murder. Hariri,
DON’T BANK ON BEIRUT Read More »
