http://moneypower.politicalbear.com A Blog on Banking, Finance, Law and Politics Wed, 05 Nov 2008 13:59:34 +0000 http://backend.userland.com/rss092 en Yesterday marked a truly historic day in American history.  America has elected its first African-American President.  Its hard to comprehend what this all really means, especially when one has little to go on to understand with any glimmer of certainty, what it is that Mr. Obama will really do.  I ... http://moneypower.politicalbear.com/2008/11/05/a-historic-electionwhat-now/ I think you are right and it seems to me that the whole issue of why they are doing this is twofold: 1. They are trying to protect the taxpayers, too bad the taxpayers (who are only 60-70% of the people living in this country) don't understand that they are being ... http://moneypower.politicalbear.com/2008/10/15/my-response-to-the-economics-on-the-street/ Again, a very intelligent guest posting: With the actions today the fed govt. “made” the 9 biggest banks in the country allow them to buy preferred shares which carry a 5% dividend (for the first 5 years, then 9% after that).  Okay, if the 2 year T-Bill is offering at around ... http://moneypower.politicalbear.com/2008/10/15/what-a-return/ The following was sent to me and has been going around...this is amazing because being from and having lived in Chicago, I know the crap that has been going on in Chicago and Illinois for the last decade.  Enjoy... Perhaps the U.S. should pull out of Chicago? Body count: In the last ... http://moneypower.politicalbear.com/2008/10/03/pulling-out-of-chicago/ My sincere apologies for being gone from the blogosphere for the last few months, but there is much to catch up on together.  First, the Presidential race is heating up. Second, the credit crisis is claiming victory over some of Wall Street's finest, and to top it off, Congress is ... http://moneypower.politicalbear.com/2008/09/30/back-to-business/ The New York Times has an interesting reader's comment section today on the homepage asking readers their thoughts on Supply Side Economics, its benefits, drawbacks, and merited claims.  My contention is that supply side economics does work and is largely responsible for much of the prosperity that America has enjoyed ... http://moneypower.politicalbear.com/2008/03/26/economic-rhetoric/ Yesterday, the SEC and CFTC announced an agreement that would bring the regulators ever closer together by integrating their regulatory efforts in an industry looking for innovation in products.  The regulators have designed a framework for sharing information and have established principles for regulatory review of new products that may ... http://moneypower.politicalbear.com/2008/03/12/regulators-unite/ A dear friend of mine recently wrote the following to a group of us noting factual concerns with the state of the economy.  His name and others have been changed in the interest of anonymity.  Thank you.  "Well, in light of the dreary economic reports we received today, the idea that ... http://moneypower.politicalbear.com/2008/03/07/economic-woes/