Some of the opponents of the recently enacted health care legislation may have been premature with their warnings about "death panels." A death panel of sorts can be found in the Restoring American Financial Stability Act of 2010, the financial regulation bill that has Congress divided once again along partisan lines. The bill would establish in the U.S Bankruptcy Court in Delaware an ominous-sounding Orderly Liquidation Authority Panel to preside over the (presumably) orderly process of putting out of business a large bank or non-banking financial firm whose "financial distress or failure" could create "risks to the financial stability of the United States..."

Goldman Sachs HQThe Securities and Exchange Commission filed a lawsuit April 16 against New York-based investment bank Goldman Sachs. The SEC alleges that Goldman committed systematic fraud in marketing a package to investors without revealing a major conflict of interest.

With all the alarm by Republicans on the “right” over Obama-care, Americans should take a closer look at Massachusetts' health care legislation. The Massachusetts legislation — sponsored as a “conservative” program by the Governor Mitt Romney — was what Obamacare was based upon.

austrian economics“Peter, you have been mocked on all of these financial shows going back to 2005. Going back to 2005! Not only did you predict problems, you actually explained what was going to happen. Why didn’t anybody listen? You were Cassandra!”

The idea that President Barack Obama is a socialist is popular among many conservatives; all of us have seen automobiles sporting the bumper sticker reading, Don’t Blame Me; I Didn’t Vote For the Socialist — obviously referring to Obama. Not so fast, says, of all people, Ron Paul (R-Texas).

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