There has been a lot of warnings lately that we are heading right towards another Lehman style collapse: Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. “In the U.S. and […]
Below the fold is the prepared remarks that Nancy Pelosi read on the House floor that was supposed to be the “partisan speech” she gave which pissed off Republicans. I have read it a few times now and can’t find a thing bad about it. It sounds like the Republicans are out looking for a […]
That is the approach the fed seems to be taking towards the economy: Federal Reserve Chairman Ben Bernanke, warning Congress of a period of sluggish business growth, sent a fresh signal Wednesday that the central bank will again lower interest rates to steady the teetering economy. “The economic situation has become distinctly less favorable” since […]