Its not about the Jets

By: Brian Bohnert
After double checking to make sure the cameras were turned on and the hearing was being broadcast to a nationwide audience, the members of the House financial services committee proceeded to engage in a timeless congressional tradition: grandstanding.  “How many of you took private jets here?” one asked, “how many of you are thinking about [...]

Rescuing Wall Street

by Shawn Scanlon
The Bailout legislation that recently passed was the only way to help the ailing economy.
At least that’s how it was sold to us. But the salespeople were wrong.  There were a myriad of ways that government could have helped during these difficult times.  But let’s look at at from a different perspective.  What [...]

$700,000,000,000 bailout

by Leonid Balaban
If somebody can give me an educated answer on why this bailout for the financial industry is necessary, I would certainly appreciate it. And no, I’m not trying to be sarcastic here, I’m simply trying to understand the difference between ordinary citizens who made boneheaded financial decisions in buying homes they couldn’t afford [...]