Interestingly,  the European Banking Authority (EBA) and Depository Trust & Clearing Corporation (DTCC) data on net CDS exposure does not match. The difference could be that EBA is only reporting on European data, so one presumes worldwide exposure would be even larger. In any event, […]

To receive the Must Reads in your inbox, click here ! Good Monday morning, Here are the Must Reads according to Adam Bitely : Rescinding $108 billion from IMF is necessary Greek default provides temporary relief as EU crisis marches on The great TARP cover up Gingrich-Perry pre-convention ticket in the works Labor unions plan to heavily aid Obama re-elect campaign Why would anyone be against the Export-Import bank? Pelosi’s conflict of interest in natural gas bill Adam Smith vs. Crony Capitalism Wind, timber and hypocrisy in the Pacific Northwest Are courts dragging out the housing crisis? How Breitbart changed the news

NRD Editor’s Note: This column originally appeared in Investor’s Business Daily . By Bill Wilson — Legislation in both the U.S. House of Representatives and Senate will rescind an additional $108 billion that was extended to the International Monetary Fund by the Pelosi-Reid Congress in 2009. This is necessary to […]

By Rick Manning — I was recently asked why I don’t like electric cars. So, let me be clear, I love the concept of an electric car. What I don’t like is the concept that the government is subsidizing the development and purchase of electric cars at […]

It never ends. This is exactly what many warned would happen when the bailout scheme was launched in 2008–a never ending cycle of taxpayers bailing out zombie companies : Attention U.S. taxpayers:  You now own a piece of a French car company that is drowning in red ink. That’s right.  In a move little noticed outside of the business pages, General Motors last week bought more than $400 million in […]

To receive the Must Reads in your inbox, click here ! Good Friday morning, Here are the Must Reads according to Adam Bitely : Understanding the unemployment rate An American auto bailout–for France??? Cartoon: The Mainstream Media’s eyewear style guide You Vote: Who is best positioned to win the GOP nomination? Santorum says he would consider Gingrich for VP… RNC’s delegate count shows Gingrich in 2nd place Romney really might not have the delegates by June Is Obama a lock? Pat Robertson: Pot should be legal like alcohol The ObamaCare death spiral continues ObamaCare’s military benefit means testing trial balloon Congressional action to punish Americans who buy cheap Chinese goods Vulture capitalism Obama playing house with other people’s money The NFL’s bounty of trouble The 5 costliest Tweets

By Rebekah Rast — “The problem with socialism is that you eventually run out of other people’s money.” ― Margaret Thatcher Sometimes the government will do something and many citizens will think, “Wow. How nice!” Perfect example: President Obama’s plan to refinance mortgages for 2 to 3 million borrowers . According to the Department of Housing and […]

By John Vinci — The Obama Administration, for the first time, is proposing that veteran retirees pay different rates for the same health benefits based on how much they receive in military retirement pay .  This so-called “means-testing” of military retirement health benefits, would mean that the more our veterans receive in retirement pay, the more their health insurance would cost them. Bill Gertz, who […]

By Rebecca DiFede — When President Obama presented his budget for FY2013, he included within it a tax, $220 million annually, to the Food and Drug Administration (FDA) for a “food facility registration fee” in order to help the agency comply with the 2011 food […]

By Adam Bitely — I’m surprised that this information hasn’t been all over the news. Then again, it is an election year, so the appetites of most in Congress and across town at the White House are probably not interested at all in dealing with […]