Just when the world financial markets had seemed to stabilize after five weeks of the violent convulsions caused by the first credit downgrade in the history of the United States of America; Standard & Poors announced the United States remains on negative credit watch and there is now a one-in-three chance of another U.S. credit [...]
READ MORE »
Following the fire storm over our call in Big Government last week-end for an investigation of potential Presidential and Administration leaking of the Standard & Poors downgrade of the AAA credit rating of the United States; the Securities & Exchange Commission has formally requested S&P disclose who at the company knew about the downgrade, “as [...]
READ MORE »The tremendous 7% crash in stock market prices over the last five trading days serves as over-whelming evidence that the President of the United States or someone in his inner circle leaked “material non-public information” to Wall Street traders that the AAA credit rating of the United States of America would be downgraded.. Leaking of [...]
READ MORE »
It was sad to watch Federal Reserve Chairman Ben Bernanke being forced to hold a political press conference for the first time in the Fed’s 102 year history. Bernanke nervously defended the merit of the Fed subsidizing $3 trillion in Congressional deficit spending and $2 trillion in Wall Street bail-outs; but he looked tired and [...]
READ MORE »
Written by 