Does Congress Have the Courage to Break up the Banks?

It’s time to go back to the trust-busting days of yesteryear and break up the big banks. Does congress represent the people or special interests? Consumers lost when the Glass-Steagall act was repealed in 1999. It created banks, “Too Big to Fail”, with billions in taxpayer bailouts and mind-boggling fraudulent activity. Joseph Stiglitz, Nobel Prize winner in economics sums it […]

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The Sky is Falling! – Place your bets

Chicken Little proclaimed, “The Sky is Falling”, warning all who would listen. Wikipedia tells us, “…Chicken Little … is a folk tale … about a chicken who believes the world is coming to an end. The phrase ‘The sky is falling!’ … (is) … a common idiom indicating a hysterical or mistaken belief that disaster is imminent. Versions of the […]

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Promise them Pigs but deliver Pig Iron

I’m very afraid right now and I’m not alone. My life changed radically in 2008. I have written about the government pulling the financial rug out from under retirees. Today I will venture into new, uncharted territory. The Troubled Asset Relief Program (TARP) bill, signed by President Bush, authorized $700 billion to bail out the banks. In 2011, using information […]

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What’s it all about?

I am going to share a 40-year-old secret. I was at my absolute favorite resort, Lago Mar, in Fort Lauderdale, FL. I held many meetings there during my career. As always, I went to check out the conference room the night before. The main door was locked. That was a good sign; they had set up the room and locked […]

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Witnessing History on the Deck of the Titanic

Does anyone believe that people standing on the deck of a sinking Titanic would be overcome by the emotion of “witnessing history”? I believe survival would be more appropriate. I opened my inbox and found MarketWatch and four other publications referencing a Bank of America Merrill Lynch (BOAML) report “Interest Rates at Lowest Level in 5,000 years”. CNBC goes one […]

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