Archives for July 2012

Banks gone wild … again!

Banks are setting the rules without regard for reality!  At least that’s how Neil Barofsky summed it up when talking with Bloomberg news about the recent LIBOR (or, as some are calling it, “Lie-bor”) price-rigging scandal. I won’t get into the complexities of LIBOR — the London Interbank Offered Rate — but here’s the gist.  […]

‘Affordable’ Healthcare on Sale Now … Only $2.6 Trillion!

Washington just took over one-fifth of the entire U.S. economy.  And with the full backing of the Supreme Court, no less.  Our wise leaders can now direct $2.6 trillion in NEW federal spending for cheaper universal healthcare. Said differently, we the people just gave Washington a huge piggy bank.  A $2.6 trillion piggy bank filled […]