We all know it’s coming, but how long will it be before the United States reaches the point of no return? Senator Tom Coburn believes our “Greece” moment of financial meltdown is coming within 2 to 5 years, saying that the federal government is in the “midst of committing murder to our republic”.
The U.S. government on Friday sued 17 banking firms for their roles in the housing crash. The financial institutions are being accused of selling $196 billion dollars of now-toxic mortgage backed securities to Fannie Mae and Freddie Mac. The Federal Housing Agency (FHA) filed suits against Bank of America, Citigroup, JP Morgan chase and 14 [...]
AUSTIN, Texas, Aug. 30, 2011 /PRNewswire-USNewswire/ — With Texas students from kindergarten to college heading back to school, adding financial literacy to your child’s curriculum this fall can teach invaluable skills for today and in the future. “It’s never too early or too late to talk with your kids about personal finances,” said ACA of TexasPresident Jack Fischer. As outlined in USA [...]
For those of us caught hoping and praying for an economic recovery, some very alarming news from Wall Street was reported today. While many folks are unemployed, losing their homes and trying to feed their families, the Obama Administration is content to let the Fatcats of wall street continue to rake in massive amounts of [...]
President Obama is clearly a victim of his own lack of experience. Experience breeds wisdom, which can help leaders and thinkers understand what the consequences of their actions or inactions will be. This President has education, a gift for eloquence, but his lack of experience is leaving Americans to deal with the end results. After [...]
Other than Jimmy Carter, I am not sure we’ve had a President in recent history with so many policies that failed so dramatically so fast. President Obama promised that he would do health care reform, wall street reform, and then he had his Keynesian stimulus policies tested. So far, the mighty Obama.. has struck out. [...]
Dan Pfeiffer, the White House Communications Director, posted on the White House Blog, “The 10 Most Wanted Lobbyist Loopholes”. Mr. Pfeiffer is basically telling us that lobbyists are working to weaken Obama’s “Wall Street Reform” by limiting provisions in the bill. Some of his concerns are things that we should genuinely look into, but others [...]