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“Cost of Seizing Fannie and Freddie Surges for Taxpayers” screams one of the headlines on the front page of last Sunday’s New York Times.  Fannie Mae and Freddie Mac have already cost us taxpayers $145.9 billion since September 2008, and ...Read more

Last Thursday, the US Senate passed S.3217, a financial reform bill supposed to reign in Wall Street and prevent a repeat of the recession in whose midst we still suffer.  At least its title, “Restoring American Financial Stability Act of ...Read more

Most of us haven’t a clue about what happens on Wall Street.  We wouldn’t know a “credit swap,” from a “derivative” or a “mortgage pass through” (this last one sounds like it might be painful).  The 1700+ page bill being written in ...Read more

A couple of weeks ago US Senate Republican Leader Mitch McConnell stood on the Senate floor and proclaimed that the Democratic Finance Reform Bill would “allow endless taxpayer-funded bailouts.”   It would, he argued, perpetuate “too big to fail.”

The White House ...Read more

Americans should take a good and sustained look at Europe next month.  Germany has  key district elections on May 9, and Greece has $11.4 billion in eurobonds maturing on May 18.  We can learn a lot about politics ...Read more