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  • Detroit Water Department has a ‘Horseshoer’, but no horses
    Detroit Water Department has a ‘Horseshoer’, but no horses
    Since Detroit became the biggest U.S. city ever to file for bankruptcy when they filed last Thursday (with more than $18 billion in debt), the fiscal management, one could argue mismanagement, of Detroit’s revenues has been scrutinized and...
  • FDR
    80 years on, Glass-Steagall staging a comeback to save U.S. depositors
    Sunday is the 80th anniversary of the signing of the Glass-Steagall Act, which built a protective wall of separation between U.S. commercial and investment banking.On June 16, 1933, in the depths of the Great Depression, President Franklin...
  • Bail-in
    How Dodd-Frank sets up ‘bail-in’ for U.S. banks to follow Cyprus
    A 2010 financial-reform law sets up a “bail-in” program that puts U.S. bank depositors at risk, according to a new report.“The Dodd-Frank Act of 2010, among other things, codifies a bail-in. It ensures that the United States can...
  • AIG runs ad thanking America for TARP money bailout, but may file $25B lawsuit
    AIG runs ad thanking America for TARP money bailout, but may file $25B lawsuit
    Life can be confusing at times. American International Group, or better known as AIG, has been running a grateful sixty-second television ad spot, which thanks the American people for the TARP funding totaling $122.3 billion dollars from the...
  • AIG Building
    AIG may join lawsuit against federal government over bailout
    On Tuesday, insurance giant AIG confirmed that Wednesday's board meeting will discuss whether to sue the federal government over the 2008 bailout.In 2008, the insurance giant was teetering on the verge of default until the federal government...
  • Ron Paul: Fema picking up tab for Sandy will mean higher inflation for Americans
    Ron Paul: Fema picking up tab for Sandy will mean higher inflation for Americans
    A little less than a week after the devastation Hurricane Sandy dumped onto the Eastern part of the United States, the cost analysis and determination of who will pay for the rebuilding is now underway. In a historic look at how much FEMA has...
  • House Ways and Means Committee Chairman Dave Camp.
    Obama's GM, Chrysler bailouts may have helped Ford the most
    General Motors was saved by the federal government's $49.5 billion bailout completed in March 2009, but a little more than two years later there is evidence the real winner was Ford Motor Co.Ford was the only one of the Detroit Big Three that...
  • Fed Printing Money
    Fed Announces Another Bailout Known As QE3
    This past week, Fed Chairman, and former Goldman Sachs exec., Ben Bernanke announced that the Fed will purchase $40 billion in mortage backed securities as a third round of quantative easing (QE). This round differs, however, from the last two,...
  • After his failure with GM, President Obama now wants to bail out all industries
    After his failure with GM, President Obama now wants to bail out all industries
    On Aug 9, President Obama spoke before a contingency of voters in the city of Pueblo regarding jobs and the economy. During his campaign speech, the President dropped a bomb on the American people when he said he would like to bail out and...
  • Barack Obama; a successful president, a failed presidency, and a failed America
    Barack Obama; a successful president, a failed presidency, and a failed America
    “I hope he fails!”When Rush Limbaugh uttered those words Democrats, liberals, and Leftists across the nation raged at him. “Hoping the president fails is hoping the country fails.”Limbaugh explained that is not soBarack...
  • BMP Bank, Italy
    Too old to fail?
    The world’s bankers have still failed to learn what the world’s commodity exchanges learned a long time ago: adjust your assets to market value every day before the whole system gets away from you. Every commodity trader knows he/she...
  • Canadian Finance Minister confirms no bailout for RIM
    Canadian Finance Minister confirms no bailout for RIM
    Fredericton -For months now, there has been speculation that the Canadian federal government would issue a bailout to Research in Motion Ltd., the struggling Waterloo-based BlackBerry-maker. At a media event late last year, Prime Minister Stephen...
  • Easier but not safe
    Politics and Personal Finance Part 1.
    We could ask the question, what does politics have to do with personal finance. We can see in today’s politically charged world how national policy affects our personal finances and standard of living. The financial meltdown of 2007-08...
  • Rick Santorum
    Rick Santorum is still asking for money to bail out his campaign
    Rick Santorumsuspended his bidfor the presidency weeks ago (despite still being on the ballot in many states). Just minutes after news hit that Santorum would be suspending his bid for President, his campaign asked for money to pay off their debts...
  •  Workmen walk into the Parthenon on the Acropolis in Athens.
    Why is Greece in trouble?
    Greece has been in the news recently with the country courting a total financial collapse. Finally, today there was an "agreement" for another bailout to the tune of 130 billion euros (about$172 billion). The problem is that the Germans...