Can A New Housing Bubble Rescue Our Economy?

It was Albert Einstein who said that the definition of insanity is, “doing the same thing over and over again and expecting different results”. Congress has now passed legislation that will extend the first time home buyer tax credit deal – that’s the one that encourages people to buy a house now so they [...]

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The Public Option for Insurance – How about One for Banks Too?

In many of America’s large cities there are tall skyscrapers, and if you look at who owns the tallest of the skyscrapers you will often find that they are owned either by a major bank or a major insurance company.  If you care to think about that for a few moments I’m pretty sure you’ll [...]

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Is the U.S. Economy Dead or Is It Just Dying?

One year ago, the entire American banking system was on life support.  It was only through the intervention of the Federal government, using the promise of a semi-infinite supply of tax dollars that some of the banks survived.  If this infusion of billions and billions of dollars of cash had not been made our entire [...]

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How Much Is Your House Really Worth?

It seems like such an easy question: how much is my house worth? The problem is that this is not an easy question – and that fact that that is a problem is the real problem.  Let me explain…
A long time ago, when Tricky Dick Nixon was President of the United States, our country was [...]

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The Invisible Hand of the Wealthy in Our Government – Part 1

It is nearly fifty years since Stanley Kramer’s movie, “It’s a Mad Mad Mad Mad World” , was released.  It is an Oscar winning comedy that points out an important truth about the world we live in: sometimes we can’t see things that are in plain view.  In the movie, a group of people search [...]

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