Monthly Archives: June 2009

Federal Reserve Chair Ben Bernanke has coined the phrase ‘green shoots’ to describe signs of an economic recovery whenever positive economic news is heard. Is he right? Are the green shoots he sees really signs of an economic recovery? Not … Continue reading →

6 months ago, I wrote that you can’t solve a debt problem by accumulating more debt which was the Bush, and now the Obama administration’s approach to solving the financial crisis. I believe taking this approach will not work – … Continue reading →

The Federal Reserve has expanded its balance sheet by over $1 trillion since last year. In the video I’ve posted below, the inspector general of the Federal Reserve testifies that she hasn’t yet looked into who actually got this money. … Continue reading →

Remember the movie by that name? FDIC is starring in the sequel. In my last post, I talked about the necessity of dealing with the bad debt banks are holding.  Until this bad debt is cleared from the bank’s books, … Continue reading →

Count me as a skeptic, but a realistic one. Bank profits were supposedly way up during the first quarter of this year, causing bank stock prices to soar.  According to an article published on Bloomberg on June 7, 2009, the … Continue reading →