GARY PETERS IMPLICATED IN EXPOSE
BY PULITZER PRIZE WINNING NEWS GROUP
Despite His Mega-million-dollar ad campaign to the contrary, Gary Peters is not as he seems. In his bid to hold on to his first-term congressional seat in a race that’s been handicapped as one of the closest, most competitive in the nation, Mr. Peters is projecting himself to be the champion of Main Street and the tough watchdog protecting our interests against big banks, Wall | Read More »
The Next Bubble…Municipal Derivatives Defaults.
Derivative usage by government is criminal because government gambles with what the people own.
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Cap and Trade: A Robin Hood Bill disguised as “green”
Cap and Trade is a bad idea. It is an especially bad idea NOW. I know it, you know it, and the Liberals in Washington know it. I have a sneaking suspicion they know exactly what it will do, and that it is part of the “Social Justice” initiative. I couldn’t understand why anyone would want to implement a policy that would do so | Read More »
G. K. Chesterton, demonstrating his genius at the art of paradox, once referred to optimism as “morbid.” Since the moment I read that (it appears in the second chapter of The Everlasting Man, I have felt in my bones that it is true, and have accordingly nurtured a healthy repugnance for the braggarts of optimism. But as with many paradoxes, it is difficult to explain | Read More »
Derivatives and human hubris.
Learning of the kinds of exotic instruments used by Wall Street in the years before the crash can be a mind-boggling experience. First, of course, because of the complexity of these things; but also because of the staggering sums of “paper wealth” they produced. AIG and other firms sold credit default swaps in such massive numbers that there was at one point insurance on over | Read More »
Notes on the crisis
I’m standin’ in the shadows with an aching heart I’m lookin’ at the world, tear itself apart — Bob Dylan, “Mississippi” Here Dylan has given us a brilliant summation of the condition of the simple citizen in the face of the economic crisis that exploded in our faces in mid-September, and which may well prove more momentous than another calamity, another September, seven years earlier. | Read More »