“It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions.” — Joseph J. Cassano, a former A.I.G. executive, August 2007 NYT – Two weeks...

With more and more people changing their minds about ‘global warming’ as a consequence of the increase in alarmist propaganda on behalf of the warmists, Al Gore’s lies are increasingly being confronted in the public arena. He is shamelessly...

NYT – A ray of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, published his office’s report on the government bailout last year of the American International...

. Rep. Brad Sherman getting frustrated with Treasury head Geithner dodging direct questions on derivatives. . Rep. Sherman objects to TARP on steriods. Posted in Bailout Trillions, Bank Rip-Offs, Congressional, Dark Pools, Derivatives Disclosure,...

FT – A few weeks ago, Claudio Borio, head of research at the Bank for International Settlements, warned in a solemn note to Group of 20 leaders that modern financial policymakers are “driving while just looking in the rear-view mirror”: western...