While reading up on Ameriquest, the top subprime mortgage originator in America before going belly-up in 2007, I was struck by this bit from a 2005 LA Times article by Mike Hudson and E. Scott Reckard: Many of the ex-employees likened Ameriquest's culture to the rough-and-tumble world of "Boiler Roo...

Bloomberg has a deeply critical piece written by Kevin Hassett arguing that Obama has declared “war” on American business. This may seem like hyperbole, but the evidence bears it out: Imagine that some hypothetical enemy state spent years preparing a “Manchurian Candidateâ€� to destroy...

I can certainly understand that we’ll have differences of opinion over how to move out of the economic  morass we’re in.   I think Paul Krugman and other economists are correct that more must be done by government to end the recession.   Some will cling to less government...

Last Friday reporters from the New York Times asked President Obama the following question: Q. The first six weeks have given people a glimpse of your spending priorities. Are you a socialist as some people have suggested? What an asinine, insulting question! Yes, the loonies on the right have been ...

One the one hand, it would be a fair statement to note that Rush Limbaugh shouldn’t be as much of a focus of conversation as he had been of late, whether on this blog or in the national discourse. However, since he has been a focus of the national discourse in some significant manner of late (...

The bad news keeps coming so fast that it's hard to keep track of it all. Here's a recap of some of this past week's bad news under President Obama and liberal Democrats controlling Congress. Unemployment Rate Reaches Record High Under Obama Payrolls fall 651,000... Food stamp enrollment jumps to re...

I had the pleasure of being invited to a dinner organized by the Princeton University Center for Economic Policy Studies (CEPS) where George Soros spoke on the current economic crisis. I very much enjoyed the cocktails before the dinner where I reconnected with Alan Blinder and Harvey Rosen who had ...

BOBBLE TIKI: BRUNCH WITH BOBBLE TIKI >>> Tacoma city officials want to bust down your apartment door to rid you of yellow teeth and reeking clothes and ashtray tongue and shallow breaths and bad skin and 50 bucks a month that you could instead spend on sushi and wine and good porn. Most imp...

Bloomberg explains how certain Wall Street practices encourage the destruction of companies. When you cut through the gibberish, it means, “The hell with stockholders, employees, customers, and the economic health of the country. I got mine.” “Say you’ve lent $100 million to a compan...

I left the house just before 9:00 AM to begin my hike through the snow and ice to get to work, and boy oh boy was it a mess. Thanks to the City’s budget deficit, the Mayor has cut back on ploughing and snow removal: the corner of 50th and Kingsessing Avenue was a thick sheet of ice, covering m...