How the Fed is creating a new feudalism

Conn Corroll The Washington Examiner 3/16/2013

Over a decade ago in 2001, the Federal Reserve planted the seeds of the 2008 financial crisis by lowering its target for the federal funds rate from 6.25 percent to 1.75 percent. Since this interest rate is a benchmark number used throughout financial markets, many first-time homebuyers were able […]

Dodd-Frank’s Problems — and Potential Solutions

Michael Barone Rasmussen Reports 1/7/2013

Over the next year, we will probably see much controversy over the implementation of Obamacare. Health insurance is something that almost every adult has some acquaintance with, and there seem to be glitches aplenty in the legislation, much delay in issuing regulations and some possible changes resulting from litigation.

We’re […]

Banking scandal: how document trail reveals global scam

It’s not a comfortable weekend for the men heading some of the world’s biggest banks. Barclays has already been hit by a £290m ($455 million US) fine for rigging interest rates but that could be dwarfed by a series of global lawsuits which could cost banks billions

Jamie Doward The Guardian [UK] 30 June 2012

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J.P. Morgan’s $2 Billion Blunder

Bank Admits Losses on Massive Trading Bet Gone Wrong; Dimon’s Mea Culpa

Dan Fitzpatrick, Gregory Zuckerman and Liz Rappaport The Wall Street Journal 5/10/2012

A massive trading bet boomeranged on J.P. Morgan Chase & Co., leaving the bank with at least $2 billion in trading losses and its chief executive, James Dimon, with a rare […]

House Committee Votes to Subpoena Corzine on MF Global

Associated Press via FoxNews.com 12/2/2011

A congressional panel has subpoenaed former Sen. Jon Corzine to testify next week about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.

The House Agriculture Committee voted Friday to issue the subpoena. Committee Chairman Rep. Frank Lucas, R-Okla., said […]

The Return of Elizabeth Warren!!!!!

Five exclamation points, so that you know that it’s important.

Moe Lane RedState 3/21/2011

Yes, yes, I know: who? I invite the reader to go back to an understated post of mine from September 2010 entitled “Elizabeth Warren will rise from the sea to destroy us all!“: essentially, it was being argued by the Left […]