TARP

    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 »

    Pay Czar Feinberg Revokes the Constitution

    By: Frederick (Diary)  |  August 17th at 07:38 PM  | 

    From the diaries by Erick. H/T to Michelle Malkin. Reuters is reporting that Kenneth Feinberg, the Obama Adminstrations “Pay Czar” will be reviewing compensation contracts for company officials and may “claw back” much of what has been or will be paid. Particularly concerning is this, from the second page of the article: Feinberg said the law requires him to take market forces into account, but | Read More »