By Robert Romano — Does insurance giant AIG have the standing to sue Bank of America for fraud over some $7 billion of losses on mortgage-backed securities stemming from its acquisition of Countrywide in 2008? Bank of America is saying no, that AIG, when it accepted a […]

By Robert Romano The International Monetary Fund (IMF) has called upon the U.S., its largest contributor, to levy a $500 billion a year carbon tax on consumers to offset what it calls “underpriced” oil, coal, and other energy products. This “mispricing” is supposedly leading to “excessive energy […]

By Bill Wilson and Robert Romano It can be said that the present day financial crisis and the broad and sweeping powers the U.S. Federal Reserve has assumed in its wake all share their origins in the very first debates Congress had over the creation of the national debt, […]

By Marta H. Mossburg Dateline:  March 27, 2020—The federal government today announced new regulations for buying fast food. Starting June 1, upon entering a national fast food chain restaurant or before ordering via a drive-thru each patron must undergo a Body Mass Index (BMI) analysis. […]

By Victor Morawski While my paper is not primarily intended to target professionals in this field, I should perhaps mention at the outset that there is an area of Ethics called “Metaethics” which focuses on the field of Ethics itself as its area of study.  […]

By Robert Romano — What is wrong with this picture? In Cyprus, to avert a bank run by citizens furious over a bank bailout financed by confiscating citizen deposits, with banks reopening for the first time in two weeks, withdrawals from banks are being limited to €300 ($383) a day per person . And yet, domestic, electronic credit and debit card transactions will be welcome . Again, Cypriots will […]

By Bill Wilson — When the original terms of taxing bank deposits in Cyprus was announced on March 18 — wherein deposits less than €100,000 ($128,570) would have faced a 6.75 percent levy and those with more a 9.9 percent tax — it was quite clear the […]

By Robert Romano — How can deposits in Cyprus be unavailable for withdrawal, and yet somehow available for taxation? This has been a burning question for me as I have observed the banking crisis in the Mediterranean island nation — where banks have faced heavy losses on […]

By Robert Romano — When the European sovereign debt crisis began at the end of 2009, when it was revealed that Greece had hidden about €30 billion ($38.7 billion) of liabilities from the accounting of its national debt , all the smartest people in the room assured us that there was no risk. Greece was tiny, with a Gross Domestic Product just 2.5 percent of the whole Eurozone. Besides, […]

By Robert Romano — Shameless. There is simply no other way to describe the disgraceful “end of the world” proclamations by Democrats describing the effects of budget sequestration. The claims have bordered on the sick and twisted, such as Sen. Harry Reid’s blaming the tragic deaths of seven Marines in Nevada in an accidental explosion on sequestration cuts to “training and maintenance.” To […]