U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday.

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The man who authorized the Air Force One / New York fly-over photo-op... was forced to resign.

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Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.

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But that is just a fraction of the money that the four troubled debtors have received or may still get. Together, they have been offered nearly $600 billion, and that lifeline could climb to nearly $1 trillion if the commitment to Fannie and Freddie is doubled, as some predict.

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Obama's Call for Reform in Executive Pay is Screwing His Own Constituents

New York Governor David Paterson was on CNBC this morning discussing his state's budget problems. Until recently, the state of New York has annually paid tens of billions of dollars in federal tax more than it has taken from the federal government.

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As we think about what to do to prevent a renewal of the melt-down... n° 2...

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As we think about what to do to prevent a renewal of the melt-down...

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Companion-piece to the preceding...

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"Too big to fail is too big to exist!" Everyone agrees. But I have yet to see much thoughtful debate -- in the US -- on what to do about it. The Brits aren't waiting for us...

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There were Cassandras who warned of the impending melt-down, eighteen months ago. Nobel-prize-winning economist Paul Krugman is probably the best know, but Nouriel Roubini was even earlier, and harsher. And of course... there were the insiders...

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poor bankers

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Government Motors CEO's Daughter Reponds to His Firing Double click on the facebook image, or scroll down the article. Ouch!

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The government-owned investment company behind Dubai's rapid development drive has asked its creditors for a six-month delay on repaying its debts.

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# Our new must see documentary on the collapse of the U.S. dollar! Become educated so that you can survive and prosper while many Americans enter poverty!

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By PAUL KRUGMAN By making what was in effect a multibillion-dollar gift to Wall Street, policy makers undermined their own credibility — and put the broader economy at risk.

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At a Joint Economic Committee hearing in Congress, in which House and Senate members sit on a panel, Brady opened up his questioning by telling Geithner that Republicans, Democrats, and the American people had lost confidence in him and asked him to resign.

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Treasury Secretary Timothy Geithner and GOP Rep. Kevin Brady of Texas turned a seemingly boring hearing on financial regulations into a messy fracas, when they traded insults over who was to blame for the economic crisis.

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AS Dillenger said, you rob banks because "That's where the money is". These days, robbing a bank is almost patriotic. He's only imitating Congress anyway.

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Yep, they do. The headline is for the benefit of the more liberal folks.

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The 2% factor. Why so few benefit from the " Trillions" injected into the economy by the fed.

It's been reported that out of the 12.2 trillion dollars committed, 2.5 trillion dollars or so has been injected into the U.S. economy during last 18 months by the federal government.

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This is a double "oh-@!$%#" moment. We should see Gold shoot up and our dollars drop to nothing.

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From the Executive Summary: "The nation is watching closely as California struggles to avoid going broke.

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Viewed through the prism of how "Obama so far" stacks up against past presidents, the issue of high expectations sits front and center.

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Just one reason we don't want gov't running business: "Lawmakers let emotion and ego get in the way of making good business decisions," says Thomas Geisel, chief executive of New Jersey's Sun Bancorp Inc.

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