Two Democrats on the House Oversight and Government Reform Committee are joining with panel Republicans in formally calling for Chairman Edolphus Towns (D-N.Y.) to launch an investigation of the Countrywide VIP loan scandal.
In a small bit of Washington irony, a government panel convened this week under the guise of ensuring 'expressive freedom' on the Internet, while at the same time the Obama Administration put Fox News on notice that ideological rectitude would be a p
-- If you hold a Discover credit card, you're in luck -- the company has decided to freeze interest-rate hikes until a new credit card consumer protection bill takes effect in February.
Every day we hear about proposed caps on CEO pay, and new regulations to make sure companies are not rewarded for failure. Nowhere is failure being more greatly rewarded than in the United States bankruptcy system.
Financial insider and commentator Yves Smith wrote an essay last week entitled "MSM Reporting as Propaganda" arguing that the government has been using propaganda to make people think that things are getting better, no one is angry, and - therefore -
This isn’t a recent phenomenon. The use of SDRs by U.S. federal government institutions goes further back than 2009
The Consumer Product Safety Commission voted Wednesday to write mandatory rules to regulate the four-wheel vehicles, after more than 100 deaths since 2003. Riders have suffered dozens of injuries, too - some leading to amputations. ROVs, also call
Stalin could learn a thing or two about propaganda from the present day U.S. Government. Via: U.S. Department of Health and Human Services:
The Senate must soon increase the national debt limit to above $13 trillion — and Democrats are looking for political cover. Knowing they will face unyielding GOP attacks for voting to increase the eye-popping debt, Democrats are considering attac
In my last article on these pages, I offered criticism of a New York Times article that had praised the Lincoln administration's property violations in pursuit of military objectives. Today I want to focus on a regular Wall Street Journal columnist w
A full expense report was recently released by the CBO estimating the costs of PASS ID. A PDF of complete report is available for download via GovTrack.us
In its 190-year history, Jefferson County, Alabama, has endured a cholera epidemic, a pounding in the Civil War, gunslingers, labor riots and terrorism by the Ku Klux Klan. Now this namesake of Thomas Jefferson, anchored by Birmingham, is staring at
You probably heard that Nicu Harajchi - CEO of N1 Asset Management - told CNBC on Friday that we're heading into a full-blown depression. You may have heard that Paul Krugman said a couple of days ago that the collapse in global trade is worse tha
Analysts at Keefe, Bruyette & Woods on Monday said the common shares of Fannie Mae and Freddie Mac are likely worthless even if the troubled mortgage-finance giants end up being recapitalized by the banking industry.
One aspect of debate that was not addressed, nor is it very often, is the thesis that the state is illegitimate; therefore, not competent to resolve any market issue, including health care.
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and a Treasury Department tha
We're going to examine 3 case histories of people accused of a supposed offense called "tax evasion." Our first example involves Mr. Timothy Geithner, who refused to pay Medicare and Social Security taxes for several years -- despite the fact that hi
China's world tour of oil acquisition is coming soon to a region near you! CNOOC is looking to purchase a stake in a project in the Gulf of Mexico.
This ain't the 'Broken Window' theory championed by Rudy, Billy and Howie in NYC in the early 90's. No, this is the 'Broken Window fallacy' of French economist Frederic Bastiast of the 50's (the 1850's, that is), and NYC mayor Mike Bloomberg is all o
A week ago the world was split into two camps: those who said Robert Fisk was an idiot and that anyone who believes him is a tinfoil hat wearing paranoid sociopath, and those who said Robert Fisk was brilliant and that anyone who does not believe him
It wasn't greed that caused the mortgage mess. In large part, the mess was the product of government policies designed to increase homehownership among the poor and ethnic minorities.
Calling public service "the essence of our liberty," President Barack Obama urged Americans to step up and volunteer in their communities. "In the end, service binds us to each other and to our community and to our country in a way that nothing else
Wall Street's wimp's only apparent skill is rigging the game. MUST WATCH VIDEO AT Site geithner and white house at fault. On right side of column Should Geithner be blamed for bank bonuses?
In a recent report from the Los Angeles Times, it appears that California is about to take yet another choice away from its residents. Big Screen T.V.'s are apparently such a power drainer, that the legislators in California are working on legislatio
While one may or may not have feelings about Goldman's tentacled capture of various regulatory agencies, the most recent news out of the SEC that it would be hiring a 29 year old former Goldman Vice President Adam Storch as its COO, questions the rat
Conrad Black on U. S. President Barack Obama: "This emperor still has no clothes, and it is not racism to notice it." The whole Obama era to date has been wasted in a historic, amateurish botch of the health-care issue. This began as a crusade
Lew Rockwell on the Mark Carbonara Show
What the hell is this about? A member of the President’s Working Group on Financial Markets, a.k.a. The Plunge Protection Team, is out spooking investors.
The expansion -- or, at a minimum, extension -- of the $8,000 first-time-home-buyer tax credit that is set to expire Nov. 30 is at the top of the legislative agenda for the Mortgage Bankers Association, with one of the MBA's leaders saying the trade