Category Archives: Banks

Hey Congress Remember Jobs and the Economy?

The role of Speaker of the House is to get folks on both sides of the aisle to pass legislation that will help the American people and keep our country moving in the right direction. Speaker Boehner must stop acting … Continue reading

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Do Economies Go Boom and Bust Because of Credit Rating Agencies?

Do Credit Rating Agencies Cause Market Volatility and Profit from It? After hearing that one of the big three credit rating agencies downgraded countries in Europe, I wondered what would happen to the stock market on Monday, 2/13/2012. Sure enough, … Continue reading

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How to Counter The Age of Greed

In “The Age of Greed,” Jeff Madrick, former economic columnist for the New York Times and current Senior Fellow at the Roosevelt Institute and the Schwartz Center for Economic Policy Analysis at the New School, recounts the history of the people, … Continue reading

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The Real Causes and Fixes of U.S. Economic Woes

Robert Reich Outlines 7 Lies about the Economy Economist Robert Reich, a man of many talents, displays his economic and artistic abilities in this video as he illustrates 7 Key Lies trumpeted by the GOP about what they claim are … Continue reading

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President of S&P, Deven Sharma, Will Step Down

Deven Sharma, current president of Standard and Poor’s, announced today that he will step down to “pursue other interests.” As of September 12, 2011, Sharma will change his role at the S&P rating agency from president to advisor to the … Continue reading

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Are Credit Rating Agencies Acting Like Mean Girls?

Who Are the Credit Rating Agencies?  Credit Rating Agencies are made up of a few unelected people in various committees who decide whether an entity, public or private, is credit-worthy. They have secret methodologies on how they arrive at their … Continue reading

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Why is S&P Downgrading Everything but Banks?

The Smell at S&P Seems to be Getting Stronger S&P Downgraded the U.S. from AAA to AA+ on Friday, August 5th. Then on Monday, August 8th they downgraded Freddie Mac, Fannie Mae and various insurance and mortgage companies. However, they … Continue reading

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S&P Downgrade of U.S. Credit Rating Smells Fishy

Twisted Reasoning Standard & Poors (S&P) said they wanted the U.S. to cut $4 Trillion from the deficit in order to possibly maintain their rating. So Who exactly does Standard & Poors represent and how do they make their money? In 2009 … Continue reading

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The Gang of Six Proposal Cuts Medicare, Social Security & Medicaid

Devil is in the Details While the bipartisan effort of the 3 democrats and 3 republicans making up the Gang of Six is a great start, what does it mean? According to Senator Bernie Sanders, (VT), the draft outline of … Continue reading

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Senator Sanders Exposes the Well-Funded Koch Echo Chamber

Senator Bernie Sanders Exposes the Koch Brothers PR Campaign to Attempt to Raise Age of Social Security to 70 Years Old! Why are the Koch Brothers so determined to use think tanks, the media and public officials to force their … Continue reading

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