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The notion that American taxpayers can "lend" US$7.4 trillion is laughable, with taxpayers already up to their ears in debt. Not to mention local governments, now so impoverished they are confiscating overpaid taxes. In the...
John Bogle: Investing is an act of faith, and Wall Street broke that faith Credit rating agencies failed investors, government regulators abdicated, he says Bogle: Investors will generally do best with a mix of stock and bond...
Restructuring of the United States financial services business will not be difficult to implement; a tight monetary policy and one carefully crafted piece of legislation should be sufficient. Now, while the industry is...
As the printing presses for the bailouts run at full speed, those in power are no longer even pretending that the new giveaways will fix our problems. Now that we are used to rewarding failure with taxpayer-funded bailouts, we...
The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.
