During the program, the pair tore apart the Federal Reserves super-secretive $7.77 trillion bank loans, the MF Global debacle and the Citigroup/SEC settlement.
Ironically, this is also the time when the Fed will be buying $2.25-$2.75 billion in 2036-2041 bonds. In other words, for the first time ever on Friday the Fed will be literally selling and buying bonds (although selling 4 times more than buying) at
What If Patriotism Means Abolishing the Government?, Judge Napolitano - Are We Headed for an Economic 9/11 and Martial Law?, Gerald Celente - Stay with Silver, Rice, Other Real Assets, Jim Rogers
The blue chips posted one of their best point gains of all time on the heels of a 520 point rout as euro zone and global economic concerns appeared to ease in the financial markets.
Stocks extended their sharp gains across the board Wednesday after global central banks announced a coordinated plan to support the global financial system, a handful of better-than-expected economic news and as China said it would loosen monetary po
Flint is now the fifth municipality in Michigan to come under a state-appointed manager. The move comes as Detroit, the state's biggest city, struggles with fiscal problems that have already threatened to take it down the same road.
(OMGawd - One of the head cheerleaders for perpetual prosperity is setting up for more bailout) On Mad Money tonight Jim Cramer warns that Europe could easily spoil any party we’re having in the US due to the collapse in credit.
Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold
What's going on at the Public Banking Institute? Plenty! For a start, we are going to have a national public banking conference, planned to be in Philadelphia in mid-April, 2012. This conference is a direct result of the Occupy Wall Street (OWS) mov
American Airlines shares were having their busiest day in history on Tuesday after the company's parent filed for bankruptcy, even taking account of 16 mandatory trading halts due to the volatility.
Americans are becoming increasingly concerned about retirement as the economic downturn stymied income growth and wreaked havoc on investments such as stock portfolios and homes.
Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy. Rogers also discusses Europe's sovereign debt crisis, Federal Reserve monetary policy and the U.S. economy.
Faced with high labor costs and rising prices for jet fuel, American Airlines parent company AMR filed today for Chapter 11 bankruptcy.
Once the world’s largest airline, American is deeply in the red, and in recent months its cash reserves have be
Who Won the Iraq War? - by Eric Margolis / Gold Confiscation / The Road to War - by Paul Craig Roberts / Foreclosure Fraud in a Nutshell / Facebook and Privacy / Americans Know So Little Geography /
The amount of money the central bank parceled out was surprising. The Fed committed $7.77 TRILLION as of March 2009 (2 1/2 years ago) to rescuing the financial system, more than half the value of everything produced in the US that year.
People are rejecting the “political means” altogether. They just don’t know it yet. They’re still vested in their ill-informed fantasies of the state. Statist fundamentalists are reacting by saying things like, ‘the market will not dictate govern
The private banks want to avoid any losses either by forcing the Greek, Italian, and Spanish governments to make good on the bonds by imposing extreme austerity on their citizens, or by having the European Central Bank print euros with which to buy t
College students have, to some extent, always been poor and hungry. But in the past few years, undergrads' plight has become truly dire. It's not hard to see why the Occupy Wall Street movement has struck a chord on campuses.
Author Robert Tracinski points out that whole classes of professionals who think of themselves as irreplaceable skilled workers--in many cases, highly skilled workers--are soon going to discover how much of what they do can be automated or outsourced
As if life wasn't already tense enough for Americans who can't pay their debts, collection agencies are now taking advantage of archaic state laws to have some debtors arrested and sent to jail.
Nearly half of all Americans lack economic security, meaning they live above the federal poverty threshold but still do not have enough money to cover housing, food, healthcare and other basic expenses, according to a survey of government and industr
The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.
For much of the past few months it looked as if Europe was set to blow. But Angela Merkel's refusal to support a Federal Reserve style bailout of European sovereigns and her recent statement the she had no Hank Paulson style fiscal bazooka in her han
Lundgren estimates between 9,000 and 10,000 shoppers lined up outside the retailer's flagship store in New York's Herald Square for the kick-off of Macy's "Black Friday" sales.
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