House begins work on overhaul of financial regulation

Let’s see now, Congress hasn’t even finished work on health care reform and now the House of Representatives is taking up another issue that has been a priority of President Obama. In my opinion, one of the main reasons Obama won the election against John McCain was the complete and total meltdown of the financial [...]

Bailout recipients slow to release information

Back in December 2008, I wrote an article that discussed how the original $700 billion was given to the banks and other companies and no strings were attached as to how the money should be spent. At that time, most of the recipients of the bailout were simply refusing to disclose how they were spending [...]

A $700 billion dollar bailout

I will be the first to agree if you come right out and tell me I don’t know much about the economy and the way it should work, but I am pretty sure the way things have been going lately, that’s not how it’s supposed to be. Between the credit crisis, the mortgage crisis, and [...]