The Great Satan: The U.S. Government defrauds its own citizenry

The average American knows little about the economy and the causes for its collapse … until now.

Bailout Authority: Bush, Bernanke or Paulson?

Paulson is making bold unprecedented moves with no oversight, no accountability and best of all, no consequence. But is he really in charge?

Congress fails history lesson … again

Financial crisis causes Congress to cringe Congress doesn‘t know much about history, as evident by its recent approach to the U.S. financial crisis. Most Americans are ill-informed about how the U.S. financial market is structured and operated on a daily basis. Unfortunately, Congress seems just as clueless, even though it was instrumental in creating the [...]

Spitzer’s Wallstreet crisis: Predicting the fall of Fannie Mae

Wallstreet is in crisis today as stocks plunged to depths reminiscent of the Great Depression. Roughly $700 billion went up in smoke. The Washington Post reports that AIG (American International Group) is the next major Wallstreet firm in the crosshairs of the cash crunch. In the aftermath of a financial meltdown that sunk Bear Stearns [...]