Take A Number: Nationalized Citibank

Financial crisis humor with just a slight touch of irony.

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Americans Are Starting to Save

Americans are starting to save, so what happens to the idea that its citizens should spend more to stimulate the economy? Peter Schiff advocates saving and let failing companies go bankrupt. Some people advocate spending so that there will be more jobs. Which is right?
See what the speaker says at 5:07
I [...]

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Mortgage Reform?

In this clip, Yaron Brook of the Ayn Rand Institute and Peter Schiff of Euro Pacific Capital explain why the new mortgage reform bill wil hurt housing market and economy. The discussion hints at restrictive regulations in the wake of irresponsible actions of the U.S. government.
Government intervention is contrary to the principles of free market [...]

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Is The Government Spending Your Money Wisely?

An interesting panel: Peter Schiff author of “Crash Proof”, Dr. Yaron Brook from the Ayn Rand Institute, Victoria Barrett associate editor for Forbes Magazine, and Gary Kaltbaum of garyk.com. The panel criticizes the actions of the U.S. government, Federal Reserve, and discusses the future of the economy.
Watch Peter Schiff plug in Ron Paul and Yaron Brook [...]

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Liberate The Economy, Not Stimulate

The Ayn Rand Institute is an organization which provides material on the author Ayn Rand’s works and philosophy: Objectivism. Dr. Yaron Brook is part of the Ayn Rand Institute and along with his Objectivitst colleagues, a vocal critic of the U.S. government’s actions to date in response to the economic crisis.

Dr. Yaron [...]

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PETER SCHIFF Politicians Want To Continue Bubble Building

Out of all the videos of Peter Schiff, this set as of now seems to be the most informative for me. The videos show how Peter Schiff figured out the idea of the financial crisis in the U.S. several years ago. He also explains what he thinks the U.S. government will do and what they [...]

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Citigroup Is In Trouble

Just a couple of days after I heard that rumor on the Philippine operation of Citibank, today’s financial newswires are outlining the unfavorable situation of Citigroup.
The Financial Times, Bloomberg, and Reuters articles today are writing that Citi’s top brass are mulling “options” for their business following the dramatic slide of Citi shares in recent days. [...]

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Flashback: Barney Frank On The Financial Bailout

In these times of crisis, there’s an ever growing risk of making snap judgements based on present concerns without regard for longer term ramifications.
It’s only been two months (since September) that Congress debated and passed the original bailout plan proposed by US Treasury Paulson and Fed Chairman Bernanke. In this segment from Charlie Rose, Rep. [...]

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Are Private Jets Synonymous To Hypocrisy?

 
Just yesterday, an ABC News article blasted the CEOs of the Big 3 automakers, GM, Ford, and Chrysler, for flying in private jets to Washington to ask for a government bailout. This was considered the height of hypocrisy:
“This is a slap in the face of taxpayers,” said Tom Schatz, President of Citizens Against Government Waste. [...]

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Futile Government Intervention: A British Lesson On Bailouts

Like the story of Chrysler in the 70s, Nelson Schwartz’s article on the New York Times is an appropriate history lesson for these times:
PARIS — A faltering auto giant whose brands are synonymous with the open road. Hundreds of thousands of unionized workers with powerful political backers. An urgent plea for the government to write [...]

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