Everything you should know about government transparency and accountability under President Obama and the Democratic Congress was made crystal clear by two events this week. I
When I saw this morning's top New York Times headline -- "Barack Obama Wins Nobel Peace Prize" -- I had the same immediate reaction which I'm certain many others had: this was some kind of bizarre Onion gag that got accidentally transposed onto the
The Department of Justice has finally admitted it in court papers: The nation’s telecom companies are an arm of the government — at least when it comes to secret spying.
Well, well, from the looks of it, Obama and his friends at the Nobel Prize Committee have done what no one could do before them: unite the world. In utter disbelief, of course, but hey, why obsess over details?
World's major powers including China and Russia don't want to 'finance' American military adventures anymore. That's the view of Max Keiser, finance critic and former stockbroker. He says China and Russia are interested in collapsing the US economy b
(lol I love their nuclear clown picture)
[no it is not a Saturday Night Live skit] President Barack Obama won the 2009 Nobel Peace Prize in a stunning decision designed to encourage his initiatives to reduce nuclear arms, ease tensions with the Muslim world and stress diplomacy and cooperat
The news lines are buzzing with reports that Obama was just handed the Nobel Peace Prize. Seriously. This is not a joke. The accomplishment worthy of Nobel, according to the Prize Committe, is “Diplomacy” lolwut?
More flashback fun via Omri Ceren, remembering the days when the Taliban were an intractable jihadist opponent rather than the plucky band of Afghan patriots we’ve come to know and respect
President Barack Obama has "tremendous confidence" in Timothy Geithner, the US Treasury Secretary, even though he has spoken to executives from Citigroup, Goldman Sachs and other banks more than 80 times in his first seven months in office, the Presi
I thought that this was a hoax, and that, if I left it alone for an hour, all the media will have to admit that they got punked by 4chan or something similar… Nope. It’s real.
We appealed the GSA’s decision, noting the administration’s commitment to transparency in general, and its promises of transparency in the stimulus in particular. We also wondered whether the arguments used to defend the redactions — especially the p
Turbo Tim was president of the New York Fed during the five years prior to his appointment as Treasury Secretary. Becker and Morgenson pointed out many of the ways in which "conflict of interest" seems to be one of the cornerstones of that institutio
This young man understands the Evil of Socialism....
Just words, just speeches "We are borrowing from China non-stop" "You lose respect for people who are like that" "We are a indebted nation that not only makes us more vulnerable, it weakens the dollar, there has never been a country in the world wh
Two federal regulators criticized parts of Rep. Barney Frank's proposal to overhaul financial regulation, saying it will let large companies escape restrictions on the types of financial products that contributed to last year's crisis.
More than a decade after former Treasury Secretary Robert Rubin made the “strong dollar” national policy, currency traders say the same words coming from the Obama administration have little meaning.
President Barack Obama's adviser on Muslim affairs, Dalia Mogahed, has provoked controversy by appearing on a British television show hosted by a member of an extremist group to talk about Sharia Law.
But here's a stark fact, via the Council on Foreign Relations: Only the Fed is buying agency debt. Foreign buyers, who once consumed it voraciously, have been net sellers so far this year.
Yet we were dumbfounded by this piece of information, presented to us by Jim Bianco, which demonstrates that the Fed's monetization of Agencies is far more blatant than anything even encountred in Treasuries.
If you missed David Malpass' great op-ed in the WSJ earlier, we suggest you read it. For those pressed for time, David summarized his thoughts on what the ongoing dollar deterioration will do to the economy in the following CNBC clip.
"I think that's part of the administration's plan.
When David Paterson became governor of New York after Eliot Spitzer's hooker escapades, the former state senator from Harlem shocked New Yorkers by declaring that taxes were too high and that he had many friends who had left the state because there w
One participant says its like 3 or 4 welfare offices at one time! Scuffles erupted as several thousand Detroit residents jockeyed, pushed and shoved Wednesday to get free money being offered to only 3,500 of the city's recently or soon to be homeless
Yesterday marked the anniversary of American boots on the ground in Afghanistan. Eight years into the war, the U.S. effort is adrift. Those who expected decisive action on Afghanistan from President Obama will have to keep waiting.
Today, Gary Gensler, chairman of the Commodities Futures Trading Commission (an agency with responsibility for overseeing derivatives trades) - and one of the main people who blocked regulation of CDS in the past - warned Congress about this issue
Let's cut the crap here with the claims that the "FHA is making sound loans:"The idea the FHA needs a rescue is “just plain wrong,” Stevens said in an Oct. 6 letter to the Wall Street Journal.