Bob McCarty Writes

It’s understandable if some Americans find themselves confused as they try to understand the financial headlines making news this morning: An enormous “Ponzi” scheme, allegedly perpetrated by a long-trusted Wall Street legend and former chairman of the NASDAQ, continues to make headlines since becoming public four days ago. Other news articles focus on the possibility [...]

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Barry Ritholtz, author of the soon-to-be-published book, “Bailout Nation,” might have summed up the nation’s financial crisis and subsequent government bailout efforts best when he wrote, “Go figure: WWII was a relative bargain.” In a post published yesterday on his blog, The Big Picture, Ritholtz reveals research findings that show the government’s $7.75 trillion in [...]

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Covering topics that range from financial and political news to reality television and college football, stories worth reading this Monday morning appear below: The Wall Street Journal reports this morning that radio station ad sales are way down, but they pale in comparison to what’s likely to happen if the so-called “Fairness Doctrine” is reinstated.  [...]

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While many fear Tuesday’s election could launch Barack Obama’s much-talked-about plan to redistribute the wealth, an Oct. 29 report in The Nation suggests that the redistribution has already begun: The swindle of American taxpayers is proceeding more or less in broad daylight, as the unwitting voters are preoccupied with the national election. Treasury Secretary Hank [...]

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My morning review of the transcript from last night’s third and final presidential debate at Hofstra University reveals a disturbing pattern in the words Barack Obama.  Highlighted below are examples of how the Democratic Party presidential nominee blames “Average Joes” — and not elected officials, crooked lenders or greedy Wall Street financiers — for the [...]

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Burning Down The House: What Caused Our Economic Crisis is, perhaps, the best video yet to explain the current economic crisis and offers details about the political players involved, including presidential candidates John McCain and Barack Obama and several of the folks most responsible for the crisis. UPDATE 9/29/08:  It appears the video that is [...]

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Who received the most money from Wall Street executives (i.e., the folks Barack Obama referred to in a recent speech as the ones “who got us into this mess”)?  According to one report, Obama tops the list of politicians who’ve been bought and paid for by the same folks responsible for the recent collapse of [...]

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