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Open Letter To Josh Marshall At TPM Media

OK. I was angry this morning. In fact I have been brewing for a while. The vitriol about the ‘insiders’ and ‘oligarchs’ in banking who are plundering the economy has got to stop. TPM Media is a very well regarded blog site. But the folks there have gone nuts. Reporting is one thing. Instigating populist […]

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Insolvent Banks?

Wow this issue won’t go away. Just two days after Obama tells us he does not consider nationalization a viable cure for our banking problems, because of our culture, this article pops up quoting all sorts of ‘experts’ with various degrees of advocacy of exactly that: News Analysis – Large Banks on the Edge of […]

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Family Wealth Drops Sharply

Buried in all the news today was the release by the Federal Reserve Board of their survey of household wealth. The full report is here [warning: this is a long document!]: Changes in Family Finances 2004 – 2007 The report is produced every three years so this latest version, which studies the period 2004 to […]

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