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“No more fine print; no more confusing terms and conditions.” This is what Barack Obama told a White House gathering of leading credit card issuers this week.Right afterward, President Obama told the press that “there has to be strong and reliable protections for consumers, protections that ban unfair rate increases and forbid abusive fees and…
How about a test of your injustice barometer? You might think that the reckless, avaricious, giant corporations, having shrunk the economy, cost millions of jobs and then demanded that taxpayers be dunned for years into the future for multi-trillion dollar bailouts, would show contrition, regret, or self-restraint of their power over Washington. Forget it. They’re…
Where were the giant accounting firms, the CPAs, and the rest of the accounting profession while the Wall Street towers of fraud, deception and cover-ups were fracturing our economy, looting and draining trillions of dollars of other peoples’ money? This is the licensed profession that is paid to exercise independent judgment with independent standards to…
Why is it that well regarded people working the fields of corporate power and performance who repeatedly predicted the Wall Street bubble and its bursting receive so little media and attention? Instead, the public is still being exposed to the comments and writings of people like Alan Greenspan, Robert Rubin, James Glassman (of Dow 36,000…
Where is the revenue coming from to help reduce the tidal waves of red ink during the massive deficit spending by Washington to bolster Wall Street greed, stimulate the economy and rescue homeowners? The scale of federal deficit is witnessed by the new frequency with which the dollar word “trillions” is used in the news…
George W. Bush is hitting the lecture circuit. Represented by the Washington Speakers Bureau, Mr. Bush for a fee of at least $150,000 flew up to Calgary, Canada and spoke to a conservative business audience amidst street protests. He also has signed a book contract with Crown Publishers tentatively titled “Decision Points” about a dozen…
Indicators of avoidance are what come to mind while absorbing the various rescue, recovery, stimulus and guarantee programs coming out of the Obama Administration to slow and reverse a splintering and shattering economy. If the Obamites do not act now when the political time is ripest, to put into motion forces of deterrence and prevention,…
Does anybody in the federal government know or could know “who, what, where and when” of the massive, complex, vertical, horizontal, global collapse of Wall Street and its planetary tentacles in over 100 countries abroad? Step forward if you exist! Uncle Sam needs you! Is the multi-million dollar bailout of this financial mess and house…
As the 2009 Academy Awards swept their way into history, the glitz and the massive global audiences show that across cultures fictional stories, mythologies and money go hand in hand. As the nominees for the awards were briefly showcased for their artistic imagination in one category after another, it occurred to me that the saying…
While the reckless giant banks are shattering like an over-heated glacier day by day, the nation’s credit unions are a relative island of calm largely apart from the vortex of casino capitalism. Eighty five million Americans belong to credit unions which are not-for-profit cooperatives owned by their members who are depositors and borrowers. Your neighborhood…