Financial Crisis
Economic Collapse Financial Crisis

Ron Paul: Meltdown 7 years on – Federal Reserve, Congress fail to learn from their mistakes

This month marks the seventh anniversary of the bursting of the housing bubble and the subsequent economic meltdown. The mood in Congress following the meltdown resembled the panicked atmosphere that followed the September 11th attacks. As was the case after September 11th, Congress rushed to pass hastily written legislation that, instead of dealing with the […]

Financial Crisis 2018
Economic Collapse Economy Finance Financial Crisis

Big Banks and Derivatives: Why Another Financial Crisis Is Inevitable

Remember Jaws? In 1975, the small town of Amity was on the eve of the Fourth of July weekend, a time of celebration of the founding of this marvelous country. But just before the celebration was about to begin, a vicious shark attack occurs. Concerned about losing the money from the holiday tourist trade, the […]

Breaking News Economic Collapse Financial Crisis

The next recession will probably start much like the last one

The US economic expansion is nearing its eighth anniversary, prompting some investors to worry the recovery could be running long in the tooth. So what will trigger the next recession? It’s become a new Wall Street adage that economic recoveries don’t usually die of old age. Rather, they are often the result of an active […]

Finance Financial Crisis

What is the U.S. Consumer Financial Protection Bureau? 

What is the U.S. Consumer Financial Protection Bureau? The U.S. Consumer Financial Protection Bureau (CFPB) has been thrown into disarray by a battle between the White House and Obama-era officials over who gets to run the federal watchdog on an interim basis after its director resigned. Outgoing director Richard Cordray elevated an agency official to […]