Financial Crisis
Treasury to Sell Last of AIG Shares
234.2 million shares, 15 percent of the bailed-out insurer
Obama Selects SEC Commission Member as New Chair
Expected to continue path of outgoing head
U.S. Economic Confidence Down
Gallup's U.S. Economic Confidence Index fell to -19 for last week
New Massachusetts Foreclosure Law Creates More Problems Than it Solves
Judges in the Bay State will soon have the power to determine whether a bank can foreclose on a home or must modify the mortgage.
EU Leaders Agree on Creation of Single Bank Supervisor
European Central Bank will oversee the new mechanism
Clinton's Legacy: The Financial and Housing Meltdown
Clinton sowed the seeds of the Great Recession by helping to inflate the housing bubble.
Government Spending Alone Did Not Cause the Euro Crisis
Conservatives are wrong to place all the blame on government spending.
Financial Regulation and the "Money Power"
In the end, financial regulation will best serve the insiders, the "money power."
Government Pushes Financial Risk, But Americans Save Instead
Yes, the feds really want to replicate the mistakes of the past
India is Ready For European Financial Slump
IMF officials say Indian banks are well insulated from the European fiasco
Number of Twenty-Somethings Living With Their Parents Up Fifty Percent From Before Crisis
Almost a quarter of adults aged between eighteen and thirty live with their parents
Australian Treasurer Slams Tea Party
Says "cranks and crazies" are a threat to the American economy
Economists Forecast $600 Billion in QE3 Bonds
Will keep program going until unemployment hits 7 percent
Iceland's Recovery is 'Impressive'
Policy of letting banks fail is yielding impressive growth and employment figures.
Where Free-Market Economists Go Wrong
Subsidies, stimulus, regulations, protectionism, trade restrictions, government-bank collusion, zoning, bailouts and more do not equal a "free" market.
Multimillionaire Buys All of Town's Foreclosed Homes
Many potential homebuyers upset after Bill McMachen bought 640 homes for $4.8 million.
Best Buy Founder Makes Takeover Offer
Richard Schulze, who owns 20 percent of Best Buy, has offered to buy the rest of the company for $8.8 billion.
Despite Thousands of New Hires US Unemployment Rises
163,000 hired by companies in July while the unemployment rate increased from 8.2 percent to 8.3 percent.
Bailed Out Bank Loses $723 million For the Second Quarter
The Royal Bank of Scotland, which is 82 percent owned by taxpayers, continues to hemorrhage.
Deutsche Bank Cuts Jobs
The moves comes as an attempt to makes savings amid profit loses and a worsening situation in the eurozone.
The Fed's Harmful Monetary Policy
From a long-term perspective, the Federal Reserve is doing more harm than good right now to economic stability.
JPMorgan Proves We Don't Need More Regulation
Unlike our friends in Washington, JPMorgan Chase paid a price for its bad choices.
Romney Plans Wall Street Fundraiser From Non-Bankers
While Obama courts Jamie Dimon, Romney goes after more nimble, non-bank financial industry start-ups
No, This Is Not a Housing Recovery
Anyone who says we are in the midst of a housing recovery is wrong.
