Bankrupt Banks

BANKS HAVE MORE THAN ENOUGH CAPITAL

At a congressional oversight panel on the government’s financial rescue program the tax evading Treasury Secretary Timothy Geithner testified, “Currently, the vast majority of banks have more capital than they need to be considered well capitalized by their regulators.”  With the recent fair-value lying accounting changes banks have reported surging . . . → Read More: Bankrupt Banks

The Market Demand for Government Investment

In my previous article on the bloated private sector, I failed to adequately explain my main point.

For the past 3 decades faith in the free market powers of the private sector have led to a massive misallocation of resources away from public sector investment. . . . → Read More: The Market Demand for Government Investment