The banking giant with insider connections to the Fed is facing a new scandal, on the heels of its $6.2 billion "London Whale" losses and its malfeasance in the mortgage meltdown crisis.

Despite surges in revenue and a catalog of new vehicles from the U.S. auto industry, taxpayers are still suffering from the auto bailouts.

 

Detroit's Emergency Manager Kevyn Orr gave just two options to those creditors gathered in downtown Detroit on Friday: Go along with my proposal now, and you'll get the best deal you can. Don't, and you'll get less, it'll cost more, and it will take longer.

 

The confluence of numerous factors in both Texas and North Dakota is working to help the United States wean itself from dependence on foreign oil, including low taxes, improved technology, and enforced private property rights.

There are always unintended consequences when using Keynesian economic theories to try to jumpstart an economy. One of them is the freezing of credit markets because of the Fed's manipulations.

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