Fed Defies Transparency Aim in Refusal to Disclose By Mark Pittman, Bob Ivry and Alison Fitzgerald Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets...
Oct. 30 (Bloomberg) -- Wall Street's chief executives will hunker down and pay bonuses this year in the face of the worst financial crisis since the Great Depression, a taxpayer bailout and mounting political outcry, industry veterans say. Odds that Wall Street will...
The Fraudacity Of American Finance I just had to coin a new word. Audacity + Fraud = Fraudacity. John Mack yesterday in a CNBC interview said that the capital deployed by Treasury into the banks was going to rebuild their capital ratios - not be lent out. In other...
Sickness Unto Debt By Ron Paul Created 10/13/2008 - 11:01am One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Governments have three main methods by...
2008 US Election & Quadrupling The Inflation Tax Daniel R. Amerman, CFA Overview US presidential candidate Barack Obama has proposed increasing the capital gains tax from 15% to 25%. Unfortunately, the biggest component of investment taxes during inflationary...
Oh, Say, Can You Still See? Part 15: The Crooks Love a Crisis Posted by Russell McDougal on 10/1/2008 You have been robbed blind. I have repeatedly warned that a power grab has been in the works during the present financial chaos. More authority is now being given to...
Just stop paying your mortgage By Peter Schiff October 10, 2008 If you are a mortgage holder who is either struggling with crushing payments, bitter for having overpaid for your home during the bubble, or who has extravagantly refinanced when prices were rising, the...
Looks like my strategy will be a winner! This American debt is on a dizzying scale; debt on a scale that absolutely cannot and will not ever be repaid, except in near-worthless, inflated dollars. Consider the Zimbabwe dollar, which was worth substantially more than...
What would lend credibility to a conspiracy, at least in my mind, is if, in the aftermath of this crisis, we start hearing calls for a global world currency to better "stabilize" the system. The Amero, being advocated by some, is just a small step in that...
WARNING: Many people are not being told the true story Small Rental Assistance Program (SRAP). SRAP is a great program as designed, but has hit some "snags" along the way. Unfortunately, some developers and promoters are only telling part of the story. If you are...
