I watched the countdown to the Bailout vote last Friday, as I stood in a pizza joint. When it became clear it would pass, I actually had tears in my eyes. While I saw our economic future fade into oblivion, no one in the pizza place seemed to notice what was happening.
Published in the Huffington Post
Published Articles
To Congress: Please Read Before Bailing Out!
One of the commenters on my recent blog asked me to submit the bailout proposal I had described to “EVERY SENATOR AND CONGRESSMAN politely requesting that the showmanship, red herring concessions and false outrage end.”
Published in the Huffington Post
Your Name is John McCain NOT David Blaine
Was it any accident that David Blaine was hanging upside down with the blood rushing to his head in a life threatening “death dive” when John McCain decided to “suspend” his campaign? My guess is McCain was watching the news about David Blaine’s latest stunt and decided to try his own luck as a stunt man to leverage this debacle to his own benefit.
Published in the Huffington Post
Who Watches the Watchers?
While the Federal Reserve pumps billions of dollars into ailing financial institutions with the hope of rescuing the economy, Wall Street is engaged in a wave of dumping stocks causing global markets to falter and sending the S&P into a tailspin. The false premise of “Too Big to Fail” has turned into “The Bigger They Are The Harder They Fall.”
Published in the Huffington Post
The Plot Thickens — Details You Need To Know About The Bailout
The Bailout Plan for our economy must completely and transparently address the ramifications of the overall exposure to credit default swaps in the global marketplace. A massive exposure to credit default swap failures could set off a global economic nuclear fusion the likes of which could destroy the entire financial system.
Published in the Huffington Post
Conflicted Out – Fannie and Freddie Should Serve Just One Master
Why are Fannie Mae and Freddie Mac, both government-sponsored and backed by taxpayer dollars, still publicly traded? The national discussion of the mortgage mess must consider the inherent conflict that exists when Fannie and Freddie serve two masters — its shareholders and the American people.
Published in the Huffington Post
My Lesson Learned: Simple Tips To Prevent You from Losing Your Shirt
A flood almost took from me the first house I ever owned. It was in Boston — no, not New Orleans — and I saved it with the help of guidance from the federal government and a timely SBA loan to a beleaguered, unlikely landlord.
Published in the Huffington Post