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Written by Charles Scaliger
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Friday, 02 January 2009 20:16 |
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 The recent decision by the federal government to bail out GMAC, the financing arm of General Motors, encouraged the illusion that the federal government has decided to "rescue" the U.S. automobile industry, saving many thousands of jobs and sparing America untold economic pain in the process. But the truth of the matter is less encouraging.
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Written by William F. Jasper
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Tuesday, 23 December 2008 00:12 |
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 The Treasury Department and Federal Reserve are spending trillions — and Congress is letting them get away with the biggest theft in history.
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Written by Charles Scaliger
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Tuesday, 23 December 2008 00:11 |
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 Federal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen our economic recession/depression.
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Written by Charles Scaliger
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Wednesday, 17 December 2008 21:43 |
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 On December 16th, the Federal Reserve announced a record-setting cut in interest rates, targeting the federal funds rate at zero to a quarter of a percent. There were hosannas and flourishes on Wall Street, with the Dow surging more than three hundred points.
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Written by Charles Scaliger
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Wednesday, 17 December 2008 17:21 |
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 The world’s wealthy and well-connected are reeling from disclosures that an international investment giant – Wall Street-based Bernard Madoff Investment Securities LLC, run by 70-year old Bernard Madoff, a well-known Wall Street investor – has turned out to be a colossal pyramid scheme with worthless assets.
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