The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they...
As I have repeatedly written, the largest U.S. banks have repeatedly gone bankrupt due to wild speculation which was blessed by the Fed, and then the government covered up their bankruptcy.Indeed, the New York Times writes today about one of the too bi...
Alan Greenspan has joined the long and distinguished list of experts calling to break up the too big to fails.As Bloomberg writes today:U.S. regulators should consider breaking up large financial institutions considered “too big to fail,” former Fe...
Below is letter text, and attached is the letter that was faxed to every member of the Senate Banking Committee. 10/07/09 Chairman Chris DoddU.S. Senate Committee on Banking, Housing, and Urban Affairs534 Dirksen Senate Office BuildingWas...
We have to change our risk models, and not just defer to the big banks' inaccurate models which got us into this mess.Says who?Nassim Taleb:I have been fighting risk models both as a Wall Street trader and as a professor and my worst nightmares were th...
Professor Emeritus of Mathematics Antal Fekete has argued for years that gold is the ultimate - and only - safe haven when things really hit the fan.For example, in 2007 Fekete wrote:The grand old man of the New York Federal Reserve bank’s gold depa...
In May, CNBC wrote that we are in danger of a double-dip recession.Hasn't that risk passed?No. According to a lot of top economists and financial analysts, the risk is still very real:Alan Greenspan and Tim GeithnerNouriel RoubiniMartin Feldstein, pro...
High top marginal tax rates on rich people actually stabilize the economy, prevent economic bubbles from forming, prevent economic crashes, and lead to steady and sustained economic growth.
AnalysisBy Steve SchifferesEconomics reporter, BBC News<img src="http://newsimg.bbc.co.uk/media/images/45125000/jpg/_45125828_-73.jpg" align="left" width="226" height="170" alt="US Federal Reserve chairman Ben Bernanke " border="0" vspace="4" hspace="4">Ben Bernanke, the chairman of the US central bank, the Federal Reserve, has played a central role in the global financial crisis.The Fed, along with the US ...
If people turn to Kindles and iPods, rather than showing off what books they're reading or what albums they've collected, what will be the emblems of the high-brow?
Scott framed his previous challenge to news sites in general terms: like Drudge, any site could use continuously updated aggregation to become a “destination for links to news of what’s going in the world.” But this kind of aggregation can be just as powerful when applied to specific stories or ...