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  • News:Forget AIG, Family Banks are Actually Thriving in U.S.

    By The Cato Institute April 02, 2009

    Why did some banks and financial institutions fail and others succeed? There are many reasons, but one common ingredient of those that have not failed is that they are organized as partnerships and/or are controlled by a family, or are closely held by a few senior officers. That is, they...

  • Opinion:What Happens When Banks Fail and We Own Them?

    By Robert Reich May 07, 2009

    The outcome of the "stress tests" will be that the banks needing extra capital will get it from the Treasury. But where will the money come from, now that the TARP fund is almost exhausted and Congress is dead set against providing more bank bailout money? The Treasury will simply swap debt...

  • News:Sign of Economic Times? Sperm Bank Donor Applications Increase

    By Reason Foundation September 01, 2009

    More men are seeking to enhance their bottom lines by selling a renewable resource located below their belts. According to the financial reporting and advice blog Minyanville: Applications for sperm   donation are way up across the country. And why shouldn't they be? Selling sperm for...

  • Opinion:It's Time to Tax Wall Street's Risky Behavior

    By Public Citizen December 03, 2009

    By Robert Weissman, president, Public Citizen Americans have a right to expect Wall Street to pay . Wall Street should pay for the trillions of dollars of public supports it has received to continue operation, and it should pay for the massive damage it has inflicted on the national and global...

  • Opinion:Robert Reich's 3 Essential Rules for Financial Reform

    By Robert Reich June 17, 2009

    As the White House unveils its long-awaited proposals to prevent another Wall Street meltdown in the future, keep a lookout for three essentials. Without them the Street will revert to its old ways as soon as the coast clears. In fact, now that the government has bailed out the Street, the biggest...

  • Opinion:Bad News, Internet Gambling Gets Yet Another Reprieve

    By Family Research Council November 30, 2009

    The online gambling industry had plenty to be thankful for last week. In a Friday afternoon statement, both the Treasury Department and Federal Reserve (again!) postponed the implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA) three years after it was initially passed.

  • Opinion:Obama's Latest Economic Overhaul Calls for More Risky Loans

    By Competitive Enterprise Institute June 17, 2009

    by Hans Bader The President has just announced proposals for a massive overhaul of the financial system. The proposals would force banks to make even MORE risky loans to low-income people. Even liberal newspapers like the Village Voice have admitted that “ affordable housing”...

  • Opinion:Americans Forked Over Nearly $14 Trillion to Bailout Banks

    By Reason Foundation June 17, 2009

    By Tim Cavanaugh The Federal Deposit Insurance Corporation says total government financial assistance came to nearly $14 trillion as of the end of the the first quarter. In its Summer 2009 Supervisory Insights [pdf], the FDIC practically swoons in describing the largesse: One indicator of...

  • Opinion:Fannie Mae & Freddie Mac Untouched in Financial Overhaul

    By Competitive Enterprise Institute June 24, 2009

    The mortgage crisis was caused largely by the reckless government-sponsored mortgage giants Fannie Mae and Freddie Mac , and by federal affordable-housing mandates . But Obama’s proposed financial rules overhaul does absolutely nothing about Fannie Mae and Freddie Mac, admits...

  • Opinion:Economy Needs More Than Just a Good "Black Friday"

    By Public Citizen November 24, 2009

    By Rick Claypool As the smiling pundits chatter incessantly to maximize participation in the traditional post-Thanksgiving festival of mass consumption this year, Black Friday is emerging this year with exaggerated significance for those who equate the health of Wall Street with the health of...

  • Opinion:Why the "Trade" in Cap-and-Trade is Important

    By Natural Resources Defense Council December 03, 2009

    By Andy Stevenson The "trade" portion of the cap and trade bill is getting a lot of heat from the left and the right as being just another way for the banks to get rich and leave us with the bill. These concerns are certainly understandable given the fact that the American consumer is still...

  • Video:One Year Later, Is Wall Street Crisis Over?

    By Opposing Views Editorial Staff September 13, 2009

    On Sept. 15, 2008, the previously unshakable financial firm Lehman Brothers collapsed, setting off a wave of panic throughout Wall Street that marked some of the darkest and most troubling days of the recession . One year later, Wall Street's precarious position has seemingly stabilized, but have...

  • Video:Vice President Biden Says Stimulus is Working

    By Opposing Views Editorial Staff September 03, 2009

    Speaking in Washington on Thursday, Vice President Joe Biden said the government's costly, sweeping stimulus effort 'is in fact working' despite steady Republican criticism and public skepticism.

  • Video:Ron Paul on CNN, Talks Record Bank Bonuses and Regulations

    By Opposing Views Editorial Staff October 20, 2009

    Texas Congressman Ron Paul , an opponent of government waste and foreign intervention, appeared on CNN's American Morning Tuesday to discuss bailouts, record profits, exec bonuses at banks , and the economic crisis. "This is characteristic of the monetary system we have," Paul said.

  • Video:Ron Paul on Fox Business-Gov't and Fed to Blame for Economy

    By Opposing Views Editorial Staff January 18, 2010

    On Thursday, January 14, Congressman Ron Paul appeared on Fox Business to discuss who is to blame for the financial crisis. The suspects -- runaway spending, Freddie and Fannie Mac, the Geithner-AIG affair , and the Federal Reserve.