If you believe that your bank deposits are firmly secured by FDIC, thanks to our neglectful Congress, you may be riding on a false sense of security, according to some shocking news in the Boston Globe: The Federal Deposit Insurance Corporation, which insures deposits up to $250,000, tried for years...

UPDATE : Daphne Eviatar has an excellent long article on this topic. Please read. Daphne Eviatar in the Washington Independent : Thomas Frank has a terrific op-ed in the Wall Street Journal today, praising President Obama’s recent presidential memorandum declaring the end of an era of unrestrained...

Big fun coming: The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most banks from 1996 to 2006. The Federal Deposit ...

Without a doubt, our economy is facing a confidence crisis.  As the historic plummet of the markets last week demonstrated, Wall Street has little confidence in recovery right now.  And, as I hear from constituents every day, so has the public. Though 92% of mortgage holders continue to pay their ...

Recently appointed FTC Chairman Jon Leibowitz wants to work with Congress on reauthorization legislation this year that he believes will make his agency more effective. He told a Center for Democracy and Technology gala Tuesday night that the quality of the FTC's work is being strained as the quanti...

Man, if there was ever a Senator who should not ask strangers "do you know who I am?" it is David Vitter of Louisiana. And yet, that is what he said at Dulles last week. Vitter is famous mostly for sleeping with prostitutes and then just not resigning over it, even after everyone in the world heard ...

The U.S. Senate had the opportunity tonight to give 1,700 low-income children in the District of Columbia the chance for a better education. Instead, voting mostly along party lines, 58 senators sided with liberal special interests to defeat an amendment saving the D.C. Opportunity Scholarship Progr...

Steve Benen writes: As expected, the Employee Free Choice Act, a measure intended to make it easier for American workers to form unions, was introduced on the Hill today. The measure is often known as "card check," because it would give workers the right to form a union when a majority of ...

The Senate passed the $410 billion omnibus stimulus package tonight after a week of widespread grandstanding and feigned horror over $7.7 billion in earmarks — which is simply a means of allocating streams of existing funds — split between 95 Senators. And yet here’s John McCain, g...

From The Jerusalem Post: Widespread assimilation is the greatest threat to Jewish existence in Europe, the continent’s top rabbis concluded at their meeting in Paris last week, calling for a return to traditional Jewish family values and major rabbinical intervention. On the opposite side of t...