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Why Congress Is Asking Bernanke Bogus Questions

Few people think Ken Lewis is the good guy. This is all relative. The fact that the Fed is now viewed less favorably than Ken Lewis should make you happy, as some Congressman may decide to ask those questions.

Politicians are cowards and will not act unless they are assured of success. The Bernanke pinata took enough whacks to embolden one or two, I believe.

Why I'm Buying Morgan Stanley China A-Share Fund

China loaned as much money in Q1 as in all of 2008, when the economy was growing at 11%+ per quarter, annualized. The state forced the banks to lend and the companies accepted the cash, and parked as much as one-third of it in the stock market.

The Andrew Jackson Portfolio - Nine Stocks for $20

Andrew Jackson would find a way to kill the Fed, but in the meantime he'd short the banks to oblivion.

The Road to Economic Hell

There was never unregulated capitalism in America, and certainly not since the creation of the Federal Reserve or New Deal. The cost of regulated capitalism and a socialist market economy is coming home to roost—or has everyone missed that the heavily regulated European banks are in even worse shape?

How Wall Street Keeps Dooming Itself

"Do you really support a system that is dysfunctional at its very core because so many people depend on it? This mentality could be used to justify any number of wasteful and inefficient allocations of capital."

That explains almost every single government agency and program in America, right down to public schools, police and military. So I guess the answer is yes, for at least 50(+1)% of the people.

Good Financial/Bad Financial Divergence

Buffett expects Goldman will be able to grab a healthy slice of the $700 billion bailout which will be run by a former Goldman employee.