By Robert Romano On April 2, the Washington Post published an article entitled, “Obama administration pushes banks to make home loans to people with weaker credit.” The report cites a recent speech made by Federal Reserve Board Governor Elizabeth Duke advocating that more home loans be made to people with fragile credit scores. “The drop in purchase mortgage originations, although widespread, has been most pronounced among borrowers with low credit scores,” […]

By Bill Wilson — 663,000 Americans dropped out of the workforce last month. 206,000 fewer Americans were employed. 290,000 more Americans were unemployed. Yet, the headline will be that the unemployment rate dropped in March to 7.6 percent. Never has the lie of the improving Obama economy […]

NRD Editor’s Note: The following column originally appeared at TheHill.com . By Rick Manning — The Washington Post reports that President Obama is pushing banks to make home loans for people who currently don’t qualify. Haven’t we been living in this bad movie for the past six years? […]

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 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 Bill Wilson — “We do not have an immediate debt crisis.” That was House Speaker John Boehner’s take on the rapidly growing $16.75 trillion national debt, speaking on ABC’s This Week . He went on to suggest that “we all know that we have one looming. And we have one looming […]