The federal government is planning to impose restrictions on credit card companies and banks limiting the fees they can charge their customers. It’s too little too late. Upon hearing this the credit card companies and banks have started to raise…
Paul Krugman is amazingly long on education and short on knowledge. He advocates the government regulating bankers pay although only God could know where in the Constitution that authority can be found. I can tell you for certain that such…
I’m sure you are aware that Senate Bill 604 would provide transparency by amending Section 714 of Title 31 in such a way as to allow for auditing of the Board of Governors of the Federal Reserve. How such a…
Months after taking billions in taxpayer funded bailout monies, a number of banks, and their mortgage servicing subsidiaries are still refusing to help homeowners save their houses for foreclosure. As we continue to read about massive bonuses and other wasteful…
Since your new format,myself and I’m sure others can only find full page advertisements.But Saturday I found on page 10, bottom right corner “Fannie Ceo to oversee Tarp.” Hey,whats this? Obama will nominate Fannie Mae Chief Executive Herb Allison to…
The Federal Reserve is an independent agency established in 1913 after the Panic of 1907. Congress does not meddle with the Fed. It is not subject to audits, nor should it be. This is not a ” runaway bailout situation…
Dear Editor,
Recent articles and editorials regarding the country’s and its citizens financial problems seem to focus on two points of view: those coming from a liberal perspective talk about government spending record amounts of money to push cash into the…
The Obama administration is considering more stringent oversight of executive pay. Not just AIG et al, but other industries as well. One criteria suggested was to tie compensation more closely to performance. Good idea. One area not mentioned which is…
My comments are to those who don’t feel that the Small Business Loan Fund will help, for those who see the default rate high, and for those who would ask for more. Something is better than nothing. No one said…
As I read about the outrage concerning AIG bonuses to their employees, I was confused by the reaction of Congress. The people of the United States should rightly be sickened that AIG would hand over such lucrative compensation to those…
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