They're going to kill the Fed. Tentative last safe date to get your Bernankes traded for something of intrinsic value is the end of the first quarter, 2010. Well...you you could just take my word for it and save both of us some valuable time, but you probably want enough details to ...read more

Recently we here in the U.S. celebrated the 233rd Anniversary of our Independence Day.  It is, as I hope you remember from your history lessons, the day upon which Congress approved the Declaration of Independence. The legal separation from England, however, actually occurred on July 2, two days earlier. This ...read more

The heat is on in Norwalk, Conn., this week. The Financial Accounting Standards Board’s headquarters quakes down to its foundation as Congress bullies it toward sweeping rule changes. Those changes govern the balance sheet values of those very pesky loans and derivatives that started us on this road to crisis in ...read more

RECENTLY THE FINANCIAL TIMES PUBLISHED an article about Congress’ oversight when it comes to speculative trading in crude oil. Why would congress take an interest in speculating on crude oil but not when it comes to stocks, treasuries, or CDOs? Something doesn’t seem to match up here, so we’re going ...read more