Geithner Was Wrong: U.S. Debt Downgraded
On April 25th of this year, our ever-so-competent Treasury Secretary Timothy Geithner was asked on Fox News whether U.S. treasuries could ever lose their AAA rating.
Geithner’s response: “No risk of that.”
Less than four months later and he’s made a Ben… Continue reading
Printing Money and Stocks
The Federal Reserve has been printing money at a historic clip and buying up toxic assets for a shade under three years now — in response to the financial crisis. The technical term for their easy money policies is known… Continue reading
Update on the Yuan
The Chinese yuan has been the subject of many debates over the last year or so. Treasury Secretary Tim Geithner and President Obama have made a conscience effort to frame the yuan as undervalued and persuade the Chinese to let… Continue reading
Currency Wars
The United States has been pressuring the Chinese to let the yuan appreciate for months now. U.S. financial leadership claims that China’s currency is undervalued and, without going as far to say, that they are currency manipulators.
Managing director of… Continue reading
History is Not Bunk Unless Someone Important Wants It to Be
By Jim Boswell, author of Crush Depth Alert
Late in the fall of 1988 the accounting firm, Coopers & Lybrand (C&L), won a competitive award to construct a computer system that collected the monthly security and loan information relating to… Continue reading
America: It’s Time To Stand Up And Scream “We Want New Leadership”
By Jim Boswell, author of Crush Depth Alert
Where is Howard Beale when we need him? Two years into the Greatest Recession Since the Great Depression (GRSGD) and our financial leaders are still telling us that we need to be… Continue reading
The Fannie-Freddie Treasury Conference–What Needs to be Done
The house that mortgage debt built.
By Jim Boswell, author of Crush Depth Alert
Tomorrow the Secretary of the Treasury is holding a conference to begin deciding what to do about the Government Sponsored Enterprises that we love to call… Continue reading
Open Letter on Financial Reform
By Jim Boswell, author of Crush Depth Alert
A few days ago a friend of mine asked me what I would say in an open letter to a group of Independents if they asked me what I thought of the… Continue reading
Nicolas Cage for Treasury Secretary
This summer, the IRS rewarded Nicolas Cage for his “efforts” with a $6 million tax lien on his New Orleans’ properties for unpaid taxes. So the IRS, lead by tax cheat Timothy Geithner, is cracking down on Nicolas Cage for unpaid taxes. How ironic. Or perhaps, “how fitting” would be a better way to put it. After all, I think Tim Geithner, our spend-happy congress, the Federal Reserve, George Bush and Barack Obama can give Nicolas Cage a run for his money (what little is left of it) when it comes to irresponsible spending. Honestly, look at what our government has been doing: Continue reading
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