Extended Unemployment Benefits Make Little Sense
Do Extended Benefits Reduce Job Seeker’s Motivation? Excluding the depression of the 1930′s we are fast approaching a new official high in unemployment. During the depths of the last worst recession of 1981, unemployment exceeded 10% vs [...]
The FDIC Deposit Insurance Fund (DIF) – A Risky Game Of Confidence
FDIC Rightly Worries About Public Confidence Due to the large number of bank failures during 2009 the FDIC Deposit Insurance Fund (DIF) has fallen to the lowest level since March 1993. Numerous headlines are screaming that the [...]
Dear Congress – Thanks For Doubling My Credit Card Interest Rate
Congress Takes Bow For Credit Card Act of 2009 The Credit Card Act of 2009 was intended to curb certain practices of the credit card industry that were deemed abusive to consumers. With a great deal of [...]
Does Tim Geithner Need A Stress Test?
Geithner Goes Over The Edge Is the stress of running running the Treasury and trying to figure out how to borrow almost $2 trillion dollars starting to take a toll on the Treasury Secretary? On Friday, Treasury [...]
Payday Lenders – Predators or Saviors?
Payday Lenders Serve The Financially Inept One of the fastest growing lending businesses in the country has been “payday lending”. Without the hassle of a credit check or application, a payday lender will give an employee a [...]
Regulatory Reform Implies Cause and Solution To Financial Meltdown The Same
The Federal Reserve failed miserably in preventing the meltdown of the American financial system. Worse yet, the Fed’s loose credit and monetary policies and failure to properly regulate the financial system was arguably one of the biggest [...]
