By Bill Wilson — It is not frequent that the retirement of a member of the House of Representatives would warrant any form of comment in these pages. But, then, Barney Frank was no ordinary Representative. From 2007 until the end of 2010, Frank was the chairman […]
By Bill Wilson — Earlier Monday, Nov. 28, White House Press Secretary Jay Carney assured the American people that the U.S. was nowhere near bailing out European banks that had bet poorly on the sovereign debts of Greece, Portugal, Italy, and other bankrupt nations. “We do not […]
UPDATE: Bill Wilson responds to Mr. Ponnuru : The gentleman doth protest too much, methinks. Fact: Ponnuru states the following in the lead two paragraphs in his Bloomberg piece, “Republicans quickly reached a consensus about why they lost so badly: They had failed to be sufficiently Republican. This consensus still moves […]
By Bill Wilson — On Nov. 14, Defense Secretary Leon Panetta in a letter to Senators John McCain and Lindsay Graham threatened to gut the nation’s defenses under the guise of enforcing the sequestration provisions of the Budget Control Act of 2011 . “Absent Congressional approval, current law does not provide flexibility. It dictates sequester cuts must be applied in […]
By Bill Wilson — Markets were all giddy on Nov. 18 because of a new proposal by the International Monetary Fund (IMF), reported by Dow Jones , that would call on the ECB to get around the Lisbon Treaty’s Article 123 prohibition on purchases of government debt by lending the money to the IMF first. Then, […]
By Bill Wilson — There has been no clearer articulation of the coming tyranny to be imposed on the once-sovereign nations of Europe — and what may be in store for the debt-addled U.S. should it fail to restore order to its fiscal house — than a […]
By Bill Wilson — It is with no small irony that Athens and Rome are among the first to fall in a new struggle that has emerged between sovereign governments and a transnational elite that seeks to shift primacy from representative bodies to international financial institutions. The […]