Mar 16 2009

The Long Depression of 1873: Parallels and Comparisons. Are we Missing Economic Information from an Important Piece of American Financial History?

There have been many comparisons to the Great Depression with our current economic crisis.  Massive speculation, rampant problems in the banking system, and exponential jumps in unemployment.  Yet we may have a lot to learn by looking at the former Great Depression known as the Long Depression.  The Long Depression lasted 65 months starting in […]

Mar 3 2009

Gas Prices going up and Bailing out a Hedge Fund: Why the Average American is Getting Bailout Fatigue. TALF a bailout for Corporations under guise of Lending for Average Americans.

Most Americans are having a challenging time digesting the bitter fruit of all the financial news coming from Wall Street and D.C.  It is hard for many to wrap their brains around what is going on.  In fact, today Ben Bernanke just stated that AIG was operating like a hedge fund.  Which of course begs […]

Jan 26 2009

Federal Reserve and U.S. Treasury Fleece the American Public: Total Market Cap of TARP Participants is $336 Billion, We Can Buy Them Out Completely: Enough with TARP and Nationalize NOW.

As we now are realizing in growing agony, the first $350 billion in TARP funds were poorly managed and did very little to improve the economic conditions of this country.  In fact, I have argued that the U.S. Treasury and Federal Reserve through various market actions have taken actions to make saving money a very […]

Jan 22 2009

Art Nadel: Art Nadel the new Bernard Madoff? 76 Year Old Financial Swindler. Disbarred Early in his Career for taking client money to pay off Loan Sharks.

Art Nadel, if you haven’t heard, is another financial swindler in the similar vein of Bernard Madoff.  Of course his $350 million swindle doesn’t hold a light to Madoff’s $50 billion Ponzi scheme but this does tell us one thing, where there is one roach there will be many more.  And that is why we […]

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