Bernanke’s Radical Solution for Our Economy

If there is one good thing about the current global economic crisis it is that it provides us the opportunity to consider radical solutions to our economic problems that would not be considered otherwise.  Today, Mr. Bernanke of the Federal Reserve announced another radical solution to the problem of short term debt.  The Fed has [...]

Read Full Post »

U.S. Government Rescues Wall Street, Taxpayers Poisoned

Messrs. Paulson and Bernanke peered into their crystal ball late in the dimming day and, instead of seeing the tidy balance sheet of the U.S. Financial Market they had hoped for, they instead saw a frightening vision of certain doom.  Huge quantities of Old Wall Street Wealth were going up in flames. Distinguished banks, with [...]

Read Full Post »

A Couple of Questions About My New Ownership of Fannie, Freddie, and AIG

Dear Messrs. Paulson and Bernanke,
First of all, please allow me to express my admiration for the skillful way in which you have kept your hand(s) on the financial tiller, so to speak, of our U.S. Ship of State as we negotiate these treacherous waters and rapids of economic uncertainty. I would like to thank you [...]

Read Full Post »

Message to the Fed: Let the Investment Banks Fail

There are some of life’s lessons that we all learn at a very early age.  I can still vividly recall an important lesson I learned when I was only five years old. I had just started the first grade (my particular school allowed five-year-olds to enter the first grade at that time – it was [...]

Read Full Post »