Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties.
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Just read this. It’s not quite what it seems: “Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you [...]
For a little while now, I’ve been going after Obama and his bunch for attacking big banks when the problem is with regional banks. He’s given them TARP, gotten most of it back, called them names, and begged for their help. All the while, smaller banks have been totally ignored while the Feds have been [...]
More lunacy from the top. At approximately 11:10 this morning, Obama is scheduled to meet with representatives of the financial industry. Last night he had this to say about them: “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”….. “They’re still puzzled why it is [...]
I read Seeking Alpha’s “Bigwigs Debate Too Big to Fail“. It discusses the opinion of several key financial players of the US economy regarding whether institutions can be “too big to fail”, and if so, what to do about them. Very excellent read. The players fall into two categories: Bust ‘em up: Alan Greenspan Simon [...]
I woke up this morning to the news that Dubai had basically defaulted on their debt. I expected a market crash as the result. So far, that hasn’t happened. It’s been a bad day, but not all that bad. But, to me, something just don’t feel right. Late June, California announces it’s basically bankrupt and [...]
I get the newsletter from the Kentucky Legislative Research Commission. It’s full of all kinds of neat stuff that doesn’t make the news a whole lot. In fact, more often than not I have to just paste the text in here because no media feels like fooling with it. So far, this has been the [...]
This needs some looking into: On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms, the [...]
