Foreclosure Settlement Q&A – Who Wins, Who Loses – A Victory For The Irresponsible

A $25 billion foreclosure settlement reached between the government and the big banks has many wondering who will win and who will lose among the different parties involved.  Although the settlement is complicated and will take years to work out, the basic framework will please some and annoy others. Here are some basic questions and […]

Too Big To Fail Banks Get Bigger – Fundamental Financial Problems Worse Than 2008

David Stockman, former budget director in the Reagan administration, argues persuasively that the fundamental problems of the financial system are worse than in 2008. The “too big to fail” banks have become bigger, politicians have been bought and paid for, an entitled class of Wall Street financiers are being served by government policies and a […]