By Kevin Mooney – Greece has passed its audition for a bailout from other European Union states after running up its debt. The New York Times would have readers believe that tax cheats are the central problem here. But extravagant government benefits and entrenched union […]

By Bill Wilson – Yesterday, global markets had quite a scare as news emerged that European banks might shut down lending amid increased fears that the sovereign debt crisis is spreading beyond the borders of Greece. Despite the adoption of the IMF-EU €110 billion bailout , and the passage of austerity measures, traders still are not confident that Greece will not ultimately […]

By Robert Romano – Yesterday, Congressman Barney Frank (D-MA) is attempting to defend Fannie Mae and Freddie from a bombardment of criticism over its primary role in contributing to the housing bubble that, when it popped, nearly brought down the financial system, reports Politico . Frank, one of the […]

By Howard Rich – A little over a year ago, a columnist for the newspaper that once served as the official communications organ of the Central Committee of the Union of Soviet Socialist Republics (USSR) had some choice words for what remains of America’s free […]

By Kevin Mooney – Apparently, Republican critics of Sen. Chris Dodd’s financial overhaul legislation were spot on when they warned against additional taxpayer-funded bailouts of Wall Street banks. This is made evident in the headline of a news story appearing in the business section of The New York […]

By ALG News – If it is truly to be financial reform, legislation being considered by the Senate must include a comprehensive audit of the Federal Reserve and an explicit prohibition against any future bailouts by the nation’s central bank. So far, amendments proposed by […]

By Andrius Vaitekunas and Rebekah Rast – Students from George Mason University react to provisions in the Chris Dodd Financial Takeover Bill that would allow the Feds to monitor every bank account transaction in America: The Dodd financial reform bill does more than just “reform” […]

By Dan Mitchell – The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested. This is why all pro-growth tax reform plans, such as the flat tax and national sales tax, eliminate the […]

By Robert Romano – Does the Dodd bill contain Big Brother provisions? One of the lessons of this session of Congress is that details matter. Last week, as the Senate began presenting its legislation to take over the financial sector, it became clear that the takeover was […]

By Rebekah Rast – It is a classic mistake to compare economic data solely within the context of Presidential terms. After all, in our current economic climate, the decline coincided directly with Nancy Pelosi and Harry Reid’s ascendancy to the leadership posts in both the […]