How Hot Money Is Wrecking the US Banking System
from Money Morning, my usual "What the hell is wrong with our government, the sky is falling" web site
[Editor's Note: The Federal Deposit Insurance Corp. insurance fund that protects your deposits is $20.9 billion in the red. One of every 11 U.S. banks is in trouble. And it's going to get worse. Neither the FDIC, [...]
Warning: This is Not Another Wall Street Conspiracy Theory, These are the Facts
This is an interesting story about the latest financial crisis, aka Mortgage Meltdown, Credit Crisis, the Day the Music Died…
Just last week, the House Committee on Oversight and Government Reform held a hearing on the U.S. Federal Reserve’s decision to directly pay billions of dollars to banks as part of its scheme to bail out [...]
This Time, It’s Different
Have you ever heard those words before? No, me either
One of my "must read" newsletters is written by John Mauldin and it's called – appropriately – John Mauldin's Weekly E-Letter. I get it each week in my inbox; I suggest you do the same.
I will caution you, however, that it may scare the pants [...]
How Wall Street Ruined Main Street
Wall Street’s Stranglehold on the Economy Is Choking Americans
America’s Founding Fathers were afraid of any concentration of power in the republic. They were particularly afraid that banking interests could hijack our fledgling democracy.
And yet today, 234 years later, our Founding Fathers’ worst fears have come true. Wall Street’s stranglehold on the economy threatens our very [...]
New Money Hacks Store
- Comments Off
I just added a new store to the Money Hacks site. I know, I'm a little late to the party, but that's my MO!
It's hosted by Amazon and it's filled with hundreds of personal finance books from authors like Jim Cramer, Andrew Tobias, George Soros, Peter Lynch, and Jim Rogers.
Check it out. There's [...]
