Dollar Daze

By: Frederick (Diary)  |  October 9th at 06:45 PM  | 

National Public Radio is reporting that the Dollar has fallen, and foreign banks are increasingly keeping Euros and, of all currencies, the Yen as their reserve denomination. The Dollar has fallen 12% from its recent peak, and appears likely to lose additional value. Quote: In March 2008, before the financial crisis, the dollar was at historic lows against a basket of currencies. Then, when the | Read More »

Artificial Outrage

By: Frederick (Diary)  |  March 18th at 05:26 PM  | 

Talk about the law of unintended consequences. Chuck Schumer, Harry Reid and Barney Frank are outraged over the $165 million in bonuses paid to the executives at AIG.  They and other in Congress are pushing for new legislation that will single-out the AIG execs to get the money back. According to some, that’s a bad idea:

Bank of Treason

By: Frederick (Diary)  |  February 8th at 03:29 PM  | 

Free wire transfers to Mexico. Work with the National Council of La Raza (NCLR). Work with the Neighborhood Assistance Corporation of America (NACA). A $2.1 million donation to Association of Community Organizations for Reform Now (ACORN). With the questions, controversies and scandals surrounding these three groups, I believe it is irresponsible for Bank of America to continue this behavior. Last year, I paid-off and cut-up | Read More »