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...

Via the Treasury Department’s Debt to the Penny Calculator, here’s what the National Debt was on January 19, 2001: And here’s what it was on January 20, 2009: That’s an increase of  $ 5,005,369,081,097.44, or 87.39% in eight years. In other words, George W. Bush and the Repu...

Remember that 60 Minutes piece on bank failures I linked to earlier this week and how optimistic the Chairwoman of the FDIC sounded ? “We’ve been around for 75 years and nobody’s ever lost a penny of insured deposits,” FDIC head Sheila Bair told Pelley. “…which is why...

In January during a U.S. Senate hearing on TVA's December coal ash spill in Kingston, California Democrat Barbara Boxer was leading calls for the mega-utility to come out of the disaster as a leader in green power research. At the same event Tennessee Republican Lamar Alexander looked like he was pl...

Why is it that whenever there is a crisis working class people not only have to pay to bail out the rich people, but they must also take the pay cuts while the people who caused the problems get bonuses? This is no more clear then with the case of Pilot Chesley "Sully" Sullenberger. This Union Pilot...

When the bank forecloses on someone's home, their credit is ruined and they run the risk of becoming homeless. The foreclosure also affects the whole community as empty houses fall into disrepair. Kansas City, Missouri has been hit hard by the financial crisis. Mary Rabon is a community organizer in...

Global Food Crisis Day.   In partnership with radio stations, media, churches and bloggers, Compassion International is working to spread the word about the Global Food Crisis.  We hope to raise both awareness and funds to feed those who are most critically impact...

Rolfe Winkler explains why spending yet more money we don’t have isn’t going to help, and will probably end up hurting us very badly: If I may offer just one reason this will all fail: rising interest rates. Interest rates need only revert to their historical median in order to hammer as...

My father lost his wife and home to a fire. He's been living with us for six months and now I need to nudge him toward finding his own place. Am I a heartless bastard? In my defense, there are just a number of factors that make the living situation a bit strained. We (wife, 5yo boy, 2 big elderly do...

Jim Rogers was on Larry Kudlow’s show last week talking about the economy and he was as blunt as ever: Similar Posts: Peter Schiff: Get Out Of The Dollar Scott Boras Has a Bad Week Larry “Bud” Melman, RIP Okay, This Country Is Officially Screwed Larry King Lands Paris Hilton...