US Treasury Calls TARP Repayments A “Milestone” While Ignoring The Elephants In The Room
Treasury’s Victory Call On Financial Bailout Premature
The Treasury Department’s latest public relations effort to highlight the success of the financial system bailout focuses on the amount of TARP repayments versus total debt outstanding. In addition, the Treasury, [...]
FDIC Tells Banks California IOU’s Good As Gold
Bank Have Enough Bad Assets
Yesterday, a group of major banks, including Bank of America, Citigroup, JP Morgan and Wells Fargo, said that they would stop accepting California IOU’s. The State of California, virtually out of cash, has [...]
The Futility Of Lower Interest Rates, Obama Motors, “Atlas Shrugged” Sales Surge & Confidence Mounts
As stock markets surge, GM’s future is suddenly bright and consumer confidence soars, here are some recent blog posts worth the read with some alternative insights.
Why lower interest rates are not effective monetary policy
If too much debt [...]
California’s Crash Omen of Nation’s Future
Borrow and Spend = Crash and Burn
California has always been the trend setter for the nation but never more so than today as it totters on the edge of insolvency. The theory that States or Nations cannot [...]
Are Geithner’s Days Numbered? Banks And Investors Have Zero Confidence
First Impressions Hard To Reverse
The old saying in the recruiting business is that one is judged in the first 15 seconds of a job interview. Irregardless of what happens for the rest of the interview, that first [...]




