In tomorrow’s episode of John Stossel’s new show on Fox Business, he will address the question, “Who is Wesley Mouch?” in speaking to the parallels between Atlas Shrugged and contemporary America.  As one might expect, in my view it seems as if almost all businessmen (given their predilection towards using government to destroy markets to [...]

Federal taxpayers received a 23% annualized return on their investment in Goldman Sachs. On Wednesday Goldman announced that calculation by combining the interest it paid before repaying the Treasury’s $10 billion principal loan with the warrant buyback payments it made this week.
Goldman as led the way this week with surprise Q2 earnings… profits made [...]

On Friday it was announced that State Street Corp. became the first of 10 large banks to repurchase warrants held by the US Treasury. The warrants were put in place to assure that taxpayers are rewarded for their collective TARP loan to banks as the finance sector recovers.
The transaction occurred on Wednesday and cost [...]

Gosh, I’m so sick of their commercials. Where do they get the goofball with the infinitely joyful sing-song voice, who is always offering ever more fantastic deals on clothing that no one needs!
Buy three suits, get five free!!! For what, dude? Don’t have no job, don’t need no suit!
Or if [...]

What we are seeing right now are the kinds of last ditch efforts that reveal how truly inept and desperate our leaders are. First there is the AIG bonus fiasco, a case study in the bumbling incompetence of the representatives in charge of containing the financial fallout (ironically the very people that preempted [...]