Michael L

Too Big to Fail: Greenspan Adds His Voice to the Break-Up Chorus

Little late to the party, Al, since it was you and your bubble machine that created those too big to fail. Hush now, be a good boy, dunce cap atop your head and resume your position in the town square. Mumble on about irrational exuberance,then mumble some more about how you really didn't mean it. Don't forget to tell Ben to print some more, just like you taught him..

The FASB Rally: More Dishonest Breathing Room For Banks

Watch when banks start buying assets from each other at "market prices". You buy mine and I'll buy yours. The ol' boy network or hucksters and frauds has new life. FASB? Who runs that and with what oversight? Wasn't mark to market what kept Greenspans internet bubble afloat for so long? When it comes to the American puplic the government's motto seems to be "if you can't beat 'en, cheat 'em."

Fed Violates Rules to Contain the Damage

Oh, how I hope someone will file suit to stop these idiots from burning my money in loans that, if we are lucky, will return 25 cents on the dollar.