Financial Meltdown

CALIFORNIA IS DROWNING IN STATE AGENCIES

WONDER WHY CALIFORNIA IS BROKE? These are all California State Agencies California Academic Performance Index (API) * California Access for Infants and Mothers * California Acupuncture Board * California Administrative Office of the Courts * California Adoptions Branch * California African American Museum * California Agricultural Export Program * California Agricultural Labor Relations Board * California […]

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BOOK REVIEW – RECKLESS ENDANGERMENT

JUNE 3, 2011 Home Truths To keep itself politically bullet-proof, Fannie Mae paid competing lobbyists to sit on the sidelines. By JAMES FREEMAN Reckless Endangerment By Gretchen Morgenson and Joshua Rosner (Times Books, 331 pages, $30) ‘The American people realize they’ve been robbed. They’re just not sure by whom,” write Gretchen Morgenson and Joshua Rosner

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TIME FOR GOP TO IMPLEMENT FULL-FRONTAL BUDGET ASSAULT

townhall.com By David Limbaugh 5/27/2011 My advice for the GOP: No more Mr. Nice Guy. No more putting the pretense of civility above the best interests of the nation. Democrats are playing cynical games with our national debt crisis, and it’s time they were called out on them — directly, volubly and repeatedly. Senate Democrats

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HOLDING ELIZABETH WARREN ACCOUNTABLE

MAY 25, 2011 The consumer financial czar doth protest too much. No one in Washington does moral indignation better than Elizabeth Warren, the de facto head of the new Consumer Financial Protection Bureau. And yesterday she was in high dudgeon on Capitol Hill attempting to repel efforts to hold her new bureaucracy more accountable. We

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SHOULD AMERICA SELL ITS GOLD?

MAY 20, 2011 James Grant believes a resumption of dollar-gold convertibility could be possible. By SETH LIPSKY It’s been 25 years since I found myself sitting in the office of Karl Otto Poehl, the president of the West German Bundesbank. I was then a young editorial writer at The Wall Street Journal intent on asking

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A EUROPEAN ECONOMIC TSUNAMI

May 11, 2011 By Desmond Lachman The European sovereign debt crisis is now entering a critical phase, which U.S. economic policymakers would be ignoring at their peril. For this crisis has the real potential for delivering the severest of body blows to an already enfeebled European banking system. And if there is one thing that

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FLEEING THE DOLLAR FLOOD

APRIL 21, 2011 The world tries to protect itself from U.S. monetary policy. Members of the International Monetary Fund emerged from their huddle in Washington last weekend resolved to keep every option open to slow the flood of dollars pouring into their countries, including capital controls. That’s a dangerous game, given the need for investment

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PUTTING THE ‘OWN’ BACK IN HOMEOWNER

APRIL 11, 2011 By allowing borrowers to write off the interest on their mortgages, the IRS is incentivizing homeowners to drag out their payments for years. There’s a better way. By ARKADI KUHLMANN If the financial crisis revealed anything about homeownership in this country, it’s that “ownership” is too often a misnomer. Since the crisis

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ENDING AMERICA AS WE KNOW IT

NATIONAL REVIEW ONLINE www.nationalreview.com Mark Steyn April 9, 2011 4:00 A.M. The Democrats’ solution to the problem is to deny there is one. Hey, it’s the weekend, and everyone’s singing the same maddeningly catchy refrain! Rebecca Black’s “Friday”? Nah, that was last week’s moronic singalong. This week’s is even perkier! “Paul Ryan proposes to end

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