The crisis that almost brought about the fall of civilization as we know was started by unscrupulous Wall Street bankers and brokers who knew that any risk they incurred would be passed on to somebody else. After the federal government stepped in and prevented a financial catastrophe, many observers believed that a new, sobered...
read more
After President Obama made his passionate and forceful speech about the need for more regulation of Wall Street and the giant banking firms, reaction was mixed. Many people do not believe that Wall Street has the will to behave better. When you break down the substance of Mr. Obama’s speech, there are major flaws in his...
read more
This is a huge question that I have avoided posting on because of its esoteric nature. I have pondered the question of what started the recession for awhile. When you attempt to unravel the mystery of the greatest economic collapse in 80 years, much too often, all you encounter are time lines and events with little to no...
read more
Recent Comments