The Radford Free Press – Page 422 – All life is problem solving.

Economics / bailouts, bank reform, banking, Bernanke, deficits, Federal Reserve Board, Geithner, Goldman Sachs, Obama, Reagan /

Obama and Banking: Another Bust?

January 21, 2010

The cynic in me wants to begin by asking: will he screw this one up as well? But, I should think more positively and at least attempt to be pleased with the gruel the White House keeps packaging as gourmet food. We cannot get into a discussion of the latest rumors about finance reform without […]

Economics / GDP, jobs, recovery, stimulus, unemployment /

Unemployment “Trap”

January 15, 2010

I wasn’t going to post today because there is very little new to report other than the fact that consumer confidence edged up slightly, but well below the kind of increase the markets were looking for. Something tells me that there is an emerging disconnect between what the markets perceive is going on, and what […]

Economics / AIG, Ambac, credit default swaps, Federal Reserve Board, Goldman Sachs, MBIA, mortgage backed securities /

Did The Banks Cheat or Break The Law?

January 14, 2010

My comment yesterday about Goldman Sachs dubious business practice of hedging against investments it was selling to investors seems to reflect a more widely held view than I realized – it popped up in Gillian Tett’s normally sober commentary in the Financial Times today.. Recall the issue: in the fairly narrow confines of the mortgage […]