The New York attorney general has requested information and documents in recent weeks from three major Wall Street banks about their mortgage securities operations during the credit boom.
Democratic leaders in the Senate have sent a letter to the Federal Trade Commission requesting a probe into gas price fixing.
While its housing market collapses, the US lives in a Disney-like bubble on debt, according to Neil Dwane, the CIO of Investment management group RCM.
The US federal debt limit is about to be reached today at a dollar amount of $14.3 trillion and the debt ceiling needs to be raised or the US will face defaulting on its bonds US debt limit is going to be reached today Think ab
The biggest bubble in history is the bubble of government debt. It is a bubble in a world full of pins. It will take a great deal of luck and crisis management to keep it afloat, without wreaking havoc on the financial system and markets of the world
It's not a free market. It's not a clean market." The Federal Reserve is doing much of the buying of Treasury bonds lately through its "quantitative easing" (QE) program, he points out. "The market isn't saying anything about the future.
Interviewed by Louis James, Editor, International Speculator
Steve Forbes predicted a return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills.
Citing its desire to 'protect' the American people from future market shocks, the politicians will mandate that a portion of all managed retirement funds be invested in the 'safety and security' of US Treasury bonds. And, just to be on the safe side.
Debate continues to rage between the inflationists who say the United States money supply is increasing, dangerously devaluing the currency, and the deflationists who say we need more money in the economy to stimulate productivity.
Robert Naiman - Naiman is policy director of Just Foreign Policy. He recently wrote the piece "The War is Over. Kiss a Nurse and Start Packing." - Release Bin Laden Photo? "Instead Release Afghanistan and Iraq"
Activists are protesting the effects of the financial bailout in Greece - and taking matters into their own hands.
Greek Finance Minister George Papaconstantinou said Saturday that Greece was exploring the possibility of having a European bailout fund buy its debt if the government is unable to access capital markets again next year.
PIMCO's Bill Gross, the manager of the world's largest bond fund, raised his bet against U.S. government-related debt in April to 4 percent from 3 percent, according to the company's website on Monday.
Unless you have been asleep or hiding under a rock for the past five years, you already know that we are experiencing the worst real estate crisis that the U.S. has ever seen.
Under Boehner’s vision, Republicans would have to find more than $2 trillion in cuts if they wanted to raise the debt ceiling by that amount through 2012 — which is in line with Treasury’s estimates on the debt limit.
Newport Beach lifeguard's lucrative salaries and pensions costing taxpayers millions each year. It's time for some common sense.
History is locked on fast-forward. In terms of economic and financial news-flow, as last week showed, we live in turbo-charged times ... Allowing Doha trade talks to fail is a mistake, both politically and economically – UK Telegraph
As we mark Osama bin Laden's death, what's striking is how much he cost our nation--and how little we've gained from our fight against him.
Tonight, John Boehner is in New York to convince to Wall Streeters that the house will be able to increase the debt ceiling and maintain its commitment to rein in spending at the same time.
The goal is not gratuitous fear-mongering, but rather an effort to provide a warning that the real bills are about to come due for the excesses of the past decade and it’s better to be forewarned and forearmed.
America's Public Enemy #1 - He's far bigger and badder than Osama bin Who, says Gerald Celente. / Isn't It Time We Overthrew the State? - Hans-Hermann Hoppe on the legal case for anarcho-capitalism. / 'Government Cured the Great Depression' - Gary No
An insolvent company can stay afloat much longer than anticipated.
Congress will find that, once again, the failure to focus on what's actually important - whether the government can deliver on what has been promised - has once again led it, like other "right wing" groups to veer off into Guns, Gays and God.
But anything fundamental -- Medicare, etc. -- would be pushed off until another time, until maybe when there's a GOP President and GOP Congress that can have carte blanche.
WASHINGTON – A new budget proposal being drafted by the top Democrat on the Senate budget committee has the party concerned that it could weaken their negotiating position and shift the debate to the right.
"This municipal issue, you can criticize me for anything you want, I’m numb to it, because I have more conviction on this than I’ve had on any single thing in my career.”
Most of the clearly evident financial problems that surround us today stem from one cause - Debt Saturation.
Reuters reports that the US Treasury has informed lawmakers it needs a $2 trillion debt limit increase to operate... until the end of 2012. Better stated, this is 112% of US GDP (which will soon be declining).
Sen. Paul and Judge Napolitano talk about the debt ceiling and the War on Terror.