Is the White House now in charge of both fiscal and monetary policy?
The Federal Reserve just released its March statement confirming no change in its monetary policy and little change in economic outlook. A brief overview of the Fed’s statement includes the following:
>> Maintains the Fed Funds range at 0-.25% for an extended period.
>> The [...]

Feedback from my initial conversation with Steve Megremis of The Daily Bail was so overwhelming that I am compelled to have Steve back on No Quarter Radio’s Sense on Cents with Larry Doyle this evening from 8-9pm ET.
I first spoke with Steve in mid-January. Given the pace of developments in Washington, on Wall Street, and [...]

How often have Americans heard politicians screaming at banks for not providing credit? How often have those same politicians and bank regulators informed us that they are working to have banks inject money into the economy to support Main Street?
Regrettably, America deals with this pandering and posturing from our political leaders and regulators all too [...]

Banks are increasingly healthy, right? Our nation’s accounting rules promote real transparency and integrity in our financial reporting, right? Housing is bottoming, right? No, no, and no!
Why so pessimistic, you may ask? I am not pessimistic at all. I am merely searching for the truth in the midst of the smoke and mirrors on Wall [...]

Raise your hand if you do not trust Wall Street and Washington.
Raise your other hand if you do not trust the financial media.
Why do I viscerally envision a lot of hands being raised all over America? Because given developments of the last few years, Americans — at an ever increasing rate — are less trusting [...]

According to testimony yesterday from Treasury official Herb Allison, who is currently charged with overseeing the management of the TARP, there are no financial firms now guaranteed as ‘too big to fail.’
What rock did Herb just crawl out from?
The Wall Street Journal addresses Herb’s ridiculous comment in writing, Treasury Official: ‘No Too Big to Fail [...]

When you sleep with dogs, you wake up with fleas.
Of all the lines I heard bandied about during my time on sales and trading desks on Wall Street, the line I reference above is one of my favorites. Why? That line goes straight to reputation.
As much as anybody may want to whine, bitch, or moan [...]

In an interview on the Today show Monday morning (video clip after the fold), Harry Markopolos dropped a few bombshells. Harry’s statement that he had purchased a gun and mentally prepared himself to kill Bernie Madoff in self-defense if need be will likely grab the most attention. It shouldn’t.
Markopolos’ biggest bombshell this morning is his [...]

Feeling disenfranchised these days? Feeling that Wall Street remains protected by Washington and a regulatory structure that serves to protect the financial industry more than the investor? Where can one go to get some understanding from corporate and political cronyism?
You have come to the right place as tonight from 8-9pm ET No Quarter Radio’s Sense [...]

Is it any surprise that the next drawdown in a multi-billion dollar ongoing bailout gets posted at 5pm on a Friday afternoon? Not in this economy where Uncle Sam, that’s you and me boys and girls, continues to pay for the woefully mismanaged financial and legislative practices of those in Washington.
The gutless typically prefer to [...]

The political process known as reconciliation has been infrequently utilized in Congressional proceedings. For good reason. In order to maintain proper checks and balances in our legislative procedures, our founding fathers thought it necessary to require a 60% vote in the Senate to pass legislation.
A mere majority vote in the Senate, otherwise known as utilizing [...]

* Bumped up *

“We don’t have slave masters,” he said. “We got mayors. But they still the same white people who are presiding over systems where black people are not able . . . to be educated.”
That is some statement.
Who expressed such strong and incendiary outrage? The Reverend James Meeks, founder and senior pastor of [...]

(Listen to the archived February 21st show

April 15, 1912. Early in the morning of this fateful day, the unsinkable Titanic went below the waters of the icy Atlantic and sank to its eventual berth on the ocean floor.
In the process of hitting the iceberg that dealt the Titanic its fateful blow, the air of invincibility surrounding this greatest of ships became [...]

Where can we find people who will pursue the truth, transparency and integrity our country so badly needs and for which our citizens are screaming? All too often, our political leaders in Washington charged with pursuing these goals and protecting our interests are uninformed, misinformed, or a combination of the two.
The dollars paid by lobbyists [...]