Posts Tagged ‘banking’

Presidential Priorities

May 11th, 2010 | No Comments

Yesterday we had two issues, among many, that demanded Obama’s attention. Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter. Barack Obama, addressing an audience in Hampton, Virginia, said nothing.  The government very quietly wrote [...]

Pay to Play – Obama’s fat cats

December 14th, 2009 | No Comments

Obama laid blame to the entire financial meltdown to the finance industry.  He trashed their bonuses as an example of why people don’t like banks right now. He sang a different tune last year.  He gladly accepted parts of their bonuses as the economy was melting down. Lehman Brothers $ 344,609 Bear Stearns $ 60,754 [...]

Thomas Sowell and Upside Down Economics

February 18th, 2009 | No Comments

Every now and then, not really too often, I feel like I am the only one with the insight and divine intervention of knowing what the heck is going on. That’s not necessarily an arrogant feeling. It’s more like a frustration thing. It’s obvious what’s happening, but no one else sees it. Instead, they just [...]