I just received an e-mail message from a conference speaker –someone I have not yet met in person and would welcome knowing. We know each

PricewaterhouseCoopers agreed in March to pay $30 Million in a settlement regarding its role as an auditor to Metropolitan Mortgage in Washington State. Here is

The way to view the Paulson Plan is as a piece of a global plan to centralize the financial system: Global Revamp Urged For the

Chris Powell of GATA recently published this important insight: If one puts today’s news together … Arabian Gulf Oil Principalities Will Stick with Dollar Until

In our Top Picks this week, there is a story entitled Weather Engineering in China by Technology Review. While a number of people have hinted

In our Top Picks this week, there is a story entitled Weather Engineering in China by Technology Review. While a number of people have hinted

I thought I would lay out the specifics of the U.S. Treasury plan to centralize and consolidate the U.S. financial regulatory system before commenting on

Former Goldman Sachs chairman Hank Paulson is not the only person supporting increased powers for the Federal Reserve: Obama Calls for Overhaul of Financial Regulations

“We can do this nice or we can do this rough.” —Tina Turner from Proud Mary OK, so this morning’s on-line Wall Street Journal provides

I am still amazed when I hear comments that the U.S. housing bubble started in this decade. In November 2001, I presented a paper at

So now JP Morgan is going to pay $10 per share for Bear Stearns? JP Morgan Agrees to Increase Bear Price By Kevin Kingsbury –

For those who want to understand the relationship of sex to mortgage fraud, The Franklin Cover-Up by Nebraska Senator John DeCamp is a must read.

The Secretary of the Department of Housing and Urban Development after Jack Kemp was Henry Cisneros. Cisneros was HUD Secretary in the Clinton Administration from

As if last weekend’s shotgun merger agreement between Bear Stearns and JP Morgan was not wild enough, things just keep getting weirder. Bear Stearns stock

A great insight from Jim Willlie in his Golden Jackass March Newsletter. Imports to the US are slowing, but import prices are seriously in uptrend.

The US economy depends on access to energy and the role of dollar as the reserve currency. Take those two things away and the source

Well, now we have a hint as to why the American Bar Association does not seem to object to predatory lending and weekend bailouts. Either

I wonder who made money on puts on Bear Stearns stock? Was this a highly profitable economic hit? SEC: Bear Stearns’s Liquidity Eroded Rapidly Since

I am excited about all the good things percolating here in Tennessee. Saturday was a rainy day full of the promise of Spring – perfect

Alan Greenspan’s comments on the current financial situation here: Greenspan Sees Many Casualties From Crisis By Jamie McGeever & Ian Chua – Reuters (17 Mar

Dangerous Wheat-Killing Fungus Detected in Iran From the UN News Centre (5 Mar 2008) “A dangerous new fungus with the ability to destroy entire wheat

letters@time.com Ladies and Gentlemen: Thank you for publishing “The Wire’s War on the Drug War” by this TV series producer and writing team, Ed Burns,

letters@time.com Ladies and Gentlemen: Thank you for publishing “The Wire’s War on the Drug War” by this TV series producer and writing team, Ed Burns,

Well, Eliot Spitzer’s resignation was just in time. Can you imagine what he would have said about this? As of December 31, 2007, the New

On February 14th, Eliot Spitzer published an editorial in the Washington Post about the federal role in promoting predatory lending: “When history tells the story

To understand the political issues that determine the rise and fall of New York Attorney Generals and Governors such as Eliot Spitzer, it is helpful

To understand the political issues that determine the rise and fall of New York Attorney Generals and Governors such as Eliot Spitzer, it is helpful

HOW IS THE WAR GOING IN IRAQ? MARCH 13, 2008. Media reports about the surge in Iraq indicate it’s been working, and now the war

In the summer of 1989, I was serving as Assistant Secretary of Housing at the Department of Housing and Urban Development (HUD) in the first

In the summer of 1989, I was serving as Assistant Secretary of Housing at the Department of Housing and Urban Development (HUD) in the first

Special kudos to Jim Sinclair of jsmineset.com who has dubbed the new fed loan system to member banks as “the monetization of bankruptcy.” I think

So, with rumors circulating of more write offs and major financial institutions in trouble, does Wall Street want Elliot Spitzer out? Could it be he

So, with rumors circulating of more write offs and major financial institutions in trouble, does Wall Street want Elliot Spitzer out? Could it be he

This weekend, mega defense contractor United Technologies announced an offer for Diebold (1) (2) at a 66% premium to the current stock market price. Leading

This weekend, mega defense contractor United Technologies announced an offer for Diebold (1) (2) at a 66% premium to the current stock market price. Leading

An unanswered question proposed for our discussion: Is M3 rising at 15-25% rate really a combination of a much higher M3 printing loans and money

The new spin is that the recession will be short, but the recovery will not be because “Father Fed” is going to deal with inflation

Sometimes I am asked how to prepare for a worst case scenario if we experience a financial or political meltdown in the U.S. or the

“Due to budgetary constraints, the Economic Indicators service will be discontinued effective March 1, 2008.” Economic Indicators.gov is brought to you by the Economics and

Thanks to the wonderful opensecrets.org, here are the top 20 contributors for the candidates running in the Presidential primaries. [* These charts list the top

Whistle-Blower Site Taken Offline From BBC News (18 Feb 2008) Wikileaks Taken Down By Order of a US Court By Phil Cubeta – Gift Hub

One way for municipalities to address the credit contraction and creeping financial coup d’etat we have been writing about and to help protect their citizenry

~ Updates Bank Wants Out of Clear Channel TV Sale RadioWorldOnline (29 Feb 2008) Wachovia May Halt Clear Channel-Providence Deal Bizjournals.com (25 Feb 2008) (Click

In recent testimony, New York Governor Eliot Spitzer referred to the efforts by the Office of the Comptroller of the Currency to dilute and stop

In recent testimony, New York Governor Eliot Spitzer referred to the efforts by the Office of the Comptroller of the Currency to dilute and stop

Maher Brothers Make $1.1 Billion Claim Against LehmanSource: American Shipper – East Coast Connection (21 Jan 2008) Lehman Clients Demand $1.1 Billion in Auction Dispute

For those who want to check out the social prestige being purchased by a few of the perpetrators of the subprime mortgage bust, check out