By Robert Romano — Call it the latest iteration of the pot and the kettle. The Federal Housing Finance Agency (FHFA) is suing 17 of the world’s largest banks for as much as $30 billion of losses incurred by Fannie Mae and Freddie Mac from the purchase […]

By Robert Romano — A recent piece from Foreign Policy Journal’s Jeremy Hammond offers a rare analysis on how money is created in the nation’s financial system — and also why not to expect very much in the way of fiscal responsibility and spending cuts from Washington, D.C. any time soon. The issue boils down to […]

By Robert Romano —  A provisional deal struck by a Chinese tycoon to purchase 115 square miles of territory in northeast Iceland has renewed concerns of the long-term geopolitical and economic designs of China. Is the Red Dragon attempting to gain a strategic foothold in the North Atlantic? Ostensibly, the $8.8 million purchase is to build an eco-tourism resort and a golf course. But considering […]

By Robert Romano — On Aug. 26, Federal Reserve Chairman Ben Bernanke reaffirmed his decision to keep the Federal Funds Rate — the interest rate at which the Fed and banks lend to one another — at near-zero levels. He said, “[I]n what the Committee judges to be the most likely scenarios for resource utilization and inflation in the medium term, the target for […]

By Robert Romano – Europe is at a crossroads in its sovereign debt crisis, and it has two choices going forward: 1) to create a European superstate, or 2) to dissolve the euro and restore national sovereignty for European nation-states. One road leads to fiscal union, and […]

By Robert Romano – As the situation in Europe continues to unravel, with each concurrent intervention by central planners unable to stem the sovereign debt crisis, policymakers appear to be at a loss of what to do next — besides engage in yet more interventions. Not long […]

By Robert Romano – “This is like appointing Ben & Jerry’s to a committee on nutrition.” That was Americans for Limited Government’s take on House Minority Leader Nancy Pelosi’s choice of Rep. James Clyburn to the deficit reduction super-committee. On the day of the appointment, Americans for […]

Next week, the Senate Committee on Indian Affairs is holding a field hearing—in Maui, Hawaii! This taxpayer-all-expenses-paid field trip for Senate staffers will be addressing “Overcoming Barriers to Economic Development in Native Communities”, but after that? Members and their staffs are likely to head out […]

By Robert Romano – AA is now Barack Obama’s scarlet letter.  He is the first President to preside over a downgrade of our full faith and credit, and it is owed to no less than Obama’s $1 trillion annual expansion of the now $14.5 trillion national debt, […]

By Robert Romano – Patriotic Americans who see the nation teetering on the brink of financial ruin and demand real reforms to rein in the spiraling debt are an imminent threat to the Republic. That was apparently Joe Biden’s take on tea party demands that any increase […]