By Robert Romano – One curious effect that is becoming evident from the Fed’s ongoing easy money, low-interest rate policies, most recently with beginning purchases of $600 billion of U.S. treasuries, has been to stimulate overseas investment, where emerging markets are growing substantially, reports Bloomberg News . “U.S. corporations have […]

By Robert Romano – It would appear that the American people, who are demanding fiscal responsibility of elected leaders, are making quite an impression on Republican leaders in Congress. The latest to come on board was Senate Minority Leader Mitch McConnell in support of a two-year moratorium on congressional earmarks. “[O]n the issue of congressional earmarks, as the leader of my […]

China’s credit rating agency, Dagong, has once again downgraded the U.S. credit rating, this time down to A+ . The agency cited the Federal Reserve’s proposed $600 billion in purchases of U.S. treasuries, writing that the “move entirely encroaches on the interests of the creditors, indicating the decline of the U.S. government’s intention of debt repayment.” While the Fed […]

In a post-election interview with ABC News’ Diane Sawyer, outgoing Speaker of the House, Nancy Pelosi, said she had “no regrets” about the way she had governed. Really? No regrets? “They are very proud of what they have done,” Pelosi said of now-defeated House Democrats […]

There is no question that the tea party movement has dramatically contributed to the Republican takeover of the House of Representatives and narrowing the margin in the Senate. In addition to providing boosted turnout — it helped raise turnout to an estimated 41.5 percent (some 90 million) — since early 2009, the tea parties and other citizen […]

The sovereign debt bomb is ticking — and time is running out before it goes off. On November 3rd, while the American people were soaking in the results of the Republicans’ historic rout of congressional Democrats, the Federal Reserve had its long-awaited meeting to discuss […]

The Department of Justice is deploying “more than 400 federal observers and department personnel to 30 jurisdictions in 18 states” to monitor today’s elections.  Of note, however, is that two notable states where irregularities have already been reported, North Carolina and Nevada, are not on […]

For voters who have become increasingly disillusioned with their government in an era of record debt levels, never-ending bailouts and government takeovers, high unemployment, and a weak economy, the election of November 2nd, 2010 is seen by many as the last recourse to changing the […]

“The math isn’t that complicated,” White House Deputy Communications Director Jen Psaki claims . She was speaking of the Obama Administration’s plan to convert the federal government’s preferred stock in American International Group, Inc. (AIG) into 1.653 billion common shares . The government currently owns about 80 percent of AIG because of the 2008-09 taxpayer multi-billion-dollar bailouts of the insurance giant, but the White House expects it will get all of the […]

The total taxpayer tab for the government bailout of Fannie Mae and Freddie Mac could total $363 billion under a worst-case scenario , according to the Federal Housing Finance Agency (FHFA). That scenario assumes further declines in housing prices, which many analysts are already predicting. It could even be worse than that, however. Right now, the Government Sponsored Enterprises (GSEs) that helped […]