Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure
The pitched drama over bonuses for bailed-out executives will be revived on Capitol Hill Wednesday as a government watchdog explains how some executives nearly brought down the financial system — then pocketed millions.
It pays to be President Obama's favorite banker. Both Bear Stearns and Washington Mutual were gifted to JPMorgan by the United States government, and the results are showing.
One year after financial markets faltered worldwide, U.S. lawmakers are determined to write a softer package of regulatory reforms than those requested by the Obama administration. "End users" such as airlines and utilities would not be required to p
Could it be that the dreaded year of 2012, the year the Mayan calendar ends and that all psychics and religions are talking about, is really the time of the transformation to the New World Order? Ironically it would be the end of Obama's first term
Charles Payne explains the redistribution of wealth that is occurring right now in our country through the “stimulus bill”, leading to the disbursement of most of stimulus funds right before the 2010 elections. Just remember $105 TRILLION DOLLARS of
Robert Reich, former Labor Secretary under Bill Clinton and an adviser to President Barack Obama, spills the beans about the Democrat's plans for your health care!
: Quietly Building the Totalitarian State in America, With the Full Complicity of the Big Media
The decision to delay comes as Congress and the Obama administration appear to have agreed on the passage of a new law that would delegate all authority over the photos to the Secretary of Defense, effectively removing the courts from the process.
Vatican and Obama agree on most major international issues. This is the untold story-how Obama and the Vatican accept major ingredients of what has been called a New World Order.
Now, however, ObamaCare won’t be nearly enough to undo deficit spending, and Aaron and Sawhill pump for a value-added tax (VAT) on top of all the other new and higher taxes Americans will pay:
As the consumer pricing index continues to fall, the State of Colorado will become the first state since 1938 to lower it's minimum wage.
"Perhaps a better name for this award would be the Nobel Rest in Peace Prize."
Costume Favorites Include Madoff, Glenn Beck and Catwoman
"The government who robs Peter to pay Paul can always depend on the support of Paul," George Bernard Shaw once said. For a socialist, Shaw demonstrated good sense with that quotation. Unfortunately, America has become a laboratory in which his hyp
The Pentagon is speeding up delivery of a colossal bomb designed to destroy hidden weapons bunkers buried underground and shielded by 10,000 pounds of reinforced concrete. Call it Plan B for dealing with Iran, which recently revealed a long-suspected
A reminder: Government has no money of its own. The economic meltdown has put the country on the fast track to socialism, but through a series of tiny steps. One need only to examine the supposed victories in the war on depression to see how this is
Eight months after enacting a massive economic stimulus package, the Obama administration is facing rising pressure from some congressional Democrats to move more aggressively to jump-start the moribund job market and try to spur a housing recovery.
As the Nobel Prize committee was voting one way on Barack Obama's promise for the world's future, the global marketplace was holding a very different vote on America's future.
Big Hollywood’s Alexander Marlow has written a spot-on assessment of “Saturday Night Live’s” skit about Obama. This video clip of Chevy Chase on CNN bolsters Marlow’s claim and reveals the truth behind “SNL’s” political parodies:
I do not buy the strong-dollar pledges by Tim Geithner, Treasury secretary, and Larry Summers, director of the National Economic Council. They have to say that. It is the official policy line. The bond markets would go crazy otherwise. But a strong d
I was recently thinking about what has transpired in this country in the past decade: first the equity bubble, then the real estate/credit bubble and the steady debasement of the dollar (where a trickle of trouble threatens to turn into a flood).
Gold rose to a record in London and New York on speculation that a weakening dollar and faster inflation will boost the appeal of precious metals. Platinum and palladium climbed to the highest price in more than a year and silver advanced to its cost
Currencies that have the lack of support of petroleum, metals, and have a liberal central bank posture toward printing money are currencies that will continue to be punished,” said Peter Kenny, managing director in institutional sales at Knight Equit
If George Soros isn’t the world’s preeminent “malignant messianic narcissist,” he’ll do until the real thing comes along. Move over, Hitler, Stalin, Mao, and Pol Pot. There’s a new kid on the block.
This is a fascinating video, wherein Morozov implies that dictatorships and other authoritarian regimes deftly utilize the internet to create the illusion of free speech, relegating it to the role of a new opium for the masses.
A year ago when the Presidential election was in full swing the main buzzword we heard out of the Obama camp was “change”. In fact, “change you can believe in”. At the time we were pretty sure it was all hogwash and his first year in office has pro
"That's how we built political power on the south side of Chicago."
The greatest risk of these policies is that the quantitative easing will persist until the value of the currency equals the actual cost of printing the currency (which is just slightly above zero).