The American Thinker site has an interesting video that shows the actual proceedings from Congressional hearings a few years ago… Evidently, Congress tried hard to better regulate Fannie Mae but a few high-placed Democrats fought that tooth and nail, even referring to
Category: Business
Economic Intervention: How Much is Helpful?
I don’t know about the rest of you, but I’m still undecided when it comes to the appropriate measures to deal with the current financial crisis facing the country. The US has been an economic juggernaut for the past fifty years due
Is Bush Pushing Socialism as a Solution?
A great editorial from George Will…
Barney Frank, Fannie Mae, and Freddie Mac
The title of this posting sounds like a Broadway play, but it captures the core of an article carried in the New York Times in September 2003. I didn’t realize it, but five years ago the Bush administration proposed increased oversight and
Simple Explanation for Current Economic Crisis
I’ve been reading the Wall Street Journal, Forbes, Bloomberg, etc, to get a concise view on the current economic crisis facing our nation. Since I have family members asking me to describe the current situation, I’m going to try to
Financial Distress
Some recent comic strips on the current financial meltdown… courtesy of Todd Imwalle (click on the thumbnails):
Legal Advice for the Cyber Age
While not a practicing attorney, Joe Knecht passed along these helpful little legal tidbits for the cyber age: 1. Do not sign the back of your credit cards. Instead, put ‘PHOTO ID REQUIRED.’ 2. When you are writing checks to
Stealth Communism
Mark Clower sent me this scary article from Investors Business Daily… Barack Obama speaks passionately about something called “economic justice.”… Sen. Obama repeated the term at least four times. “I’ve been working my entire adult life to help build an America
Regulation of Financial Markets
An interesting story in the Wall Street Journal, which helps shed some light on the AIG fiasco…