If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!John McCain claims that Wall Street greed is responsible for the current financial mess behind the bank failures and the subprime mortgage debacle.  Michael Hirsh has written a significant article that places the blame squarely on the refusal of the [...]

On Tuesday, August 5, the Federal Reserve voted to keep the interest rate for banks unchanged at 2 percent.  Although I am by no means an expert on the economy and the role of the Federal Reserve, the actions of the Federal Reserve often remind me of that old cartoon about the conversation between  Bob [...]