How does this video sound now?
I don't want this to be an "I told you so" post, so please realize that we can still support these ideals. ... Read more
Note: I did not say the fed chairman (Bernanke) has it right. I said the fed "president" (as in Kansas City Fed President Thomas M Hoenig). Hoenig recently wrote "Knocking on the Bank's Door" ( http://www.kc.frb.org/speechbio/hoenigpdf/Washington.DC.Fiscal.02.16.10.pdf ). Check it out: ... Read more
Politico proposes the idea that since Republicans are at least hesitant to re-confirm Bernanke (who was appointed by a republican), whether they have turned on themselves. It asks whether this makes Ron Paul (the nearly lone conservative Republican) the leader of the Republican party.
My response below: ... Read more
Thanks Barney Frank for giving the banks access to $4 Trillion in bailout funds for the next time the bankers decide to over leverage, gamble, and lose. But we don't want them to lose, so this $4 Trillion should guarantee that the taxpayer covers the bulk of their losses.
http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ Read more
Once the states' bailouts begin, what has happened in Detroit / MI will happen in other states, starting with Kalifornia.
Interested in your feedback... what do you think of these predictions for 2010?