Obama’s Too-Big-to-Fail Plan Is Too Dumb to Pass:

Commentary by Kevin Hasset Sept. 28 (Bloomberg) — Treasury Secretary Timothy Geithner’s appearance in Congress last week to explain how President Barack Obama would overhaul financial regulation elicited the most striking sign yet that the wheels have come off the administration’s economic-policy team. The White House had proposed, and Geithner was ready to defend, such […]

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Remember the TARP Money? Yeah, It’s Gone.

Posted by Leon H. Wolf Via USA Today, TARP IG Neil Barofsky has some harsh words for the way the TARP funds have been handled: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to […]

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Homes: About to get much cheaper

If you thought home prices were bottoming out, you may be wrong. They’re expected to head a lot lower. Home values are predicted to drop in 342 out of 381 markets during the next year, according to a new forecast of real estate prices. Overall, the national median home price is predicted to drop 11.3% […]

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Letter to Congress

To the Congress: The U.S. Postal Service was established in 1775 – you have had 234 years to get it right; it is broke. Social Security was established in 1935 – you have had 74 years to get it right; it is broke. Fannie Mae was established in 1938 – you have had 71 years […]

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Made In China – Importing America To Its Own Death

During the Bolshevik Revolution that led to communist Russia, Comrade Vladimir Lenin said, “Sell the capitalists enough rope and they will hang themselves!” Nearly 100 years later, Lenin’s predictions reveal his veracity with chilling fruition. The United States bleeds $11 trillion in debt. It suffers a $700 billion annual trade deficit, mostly with China, which […]

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U.S. on Path to Becoming Fiscal ‘Banana Republic’

By: John Rossomando A prominent Republican senator who Barack Obama once considered to be his commerce secretary is warning that the administration’s fiscal policies could put the U.S. on the path to “banana republic” status. Sen. Judd Gregg, R-N.H., told CNN’s John King on Sunday’s “State of the Union” program that standards of living will […]

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