Instead of lamenting over Federal funding cuts, how about actually visualizing each State’s way out of it’s fiscal dependency upon a bankrupt Federal funding system: Problem: NY Gov. David Paterson said this morning that he will bring the Legislature back to Albany if the state does not get the $1 billion in extra Medicaid or FMAP [...]

Some readers might think me callous, if misunderstanding my meaning regarding the present unemployment crisis. I know that there are hard-working Americans who are ready, willing and able to work–and work hard, if only they could find a job. And of these people, many are earnestly trying, and simply cannot catch a break. So I do not mean to insult [...]

The only thing more disgusting than the financial anti-regulation, anti-reform bill, hacked to uselessness by Geithner’s Treasury is this shameless article by Bloomberg about Wall Street’s joyous celebration over it. Measures in the financial reform will lead to the largest U.S. banks getting even bigger, Citigroup Chairman Richard Parsons said today. They will make it tougher for smaller competitors, [...]

It should come as no surprise that stocks of the two largest institutional holders of derivatives in America, JPM and B of A, rose on news of policy makers failure to repudiate the derivative suicide run. They can’t even regulate them, let alone rebuke them, and of course this also bolstered JPM’s carbon trading stepchild [...]

Funny thing about numbers. You can’t SPIN them, they are what they are: After spending months crafting legislation, lawmakers pushed through a last-minute deal on what they termed the most challenging part of their task — establishing for the first time a regulatory structure for the $615 trillion over-the-counter derivatives market. What about that non-standard [...]

Encouragingly, some global perspective has creeped into the mainstream sound bite pulpit, regarding Germany’s (i.e. Merckel’s) less than flattering response to Obama’s Keynesian spending obsession, and his Geithnerian “Frick and Frack” show imploring the rest of civilization to follow the two stimulus crazed pied pipers down the road to sovereign default, as they vomit forth the [...]

We fully endorse Farid Khavari, author of 9 books and one of 5 gubernatorial candidates in the United States to sponsor the Sovereign State Solution to our current economic crisis of fiscal irresponsibility, casino finance and derivative speculation. I first read about the concept of a State chartered bank when Ellen Brown brought the idea to light [...]