Hi Al:
I’ve been a longtime reader of your column, and have been pleased by the fact that you have tackled many issues that others seem to overlook or dismiss.
There’s one issue that I would like you to tackle now – is there an explanation as to why the business media failed to see the coming of the market crashes from the credit and housing bubbles?
We’re supposed to believe that the problem of too much debt and spending can be solved with more debt and spending.
We’re supposed to believe that rewarding failure is a path to succeess.
We’re supposed to believe that insolvent corporate giants are too big to fail.
Where will this thinking take us? I break it down as Connell McShane and Jenna Lee interview me on Fox Business News.com LIVE.
Click here for a replay.
So much for the theory that bankers didn’t want the money.
U.S. Rep Barney Frank told our nation’s biggest banks that if they didn’t like the stipulations attached to the bailout money, they can always give it back.
Perhaps so as not to alarm their investors — who should, by the way, be alarmed — bankers have been suggesting that they were forced to take the money.
Frank appears to have put an end to that claims, as no one volunteered to give back the money.
Click here to read my column.
Hundreds of small community banks and credit unions are paying close to 6% interest on their checking accounts.
I know, I know – sounds like just another Ponzi scheme. But they claim to have found a way to make it work by making customers help cut banking expenses.
Click here to read more about it in my column. Click here to look at the offers.
And if you end up trying one of these accounts, let me know how it goes in this blog.
Hey, Mister Big Banker! President Obama is restricting your annual salary to $500,000.
I’ve drafted for you a handy Q&A that you can post on one of your many Sub-Zero refrigerators. Refer to it as often as you adjust to the global economic collapse you helped cause.
Click here to read it.
Bernard Madoff’s alleged Ponzi scheme has claimed another high-profile victim – this time, it’s Tom Tancredo, the former candidate for U.S. president.
The conservative Republican and former Congressman from Colorado was heavily invested in in something called the Agile Safety Fund, which turned out to be neither.
Click here to read my column.
I also discussed the story with Fox Business Anchor David Asman. Click here for a replay.
OK, so it wasn’t a toilet as initially reported.
Yet, there is something about the image of former Merrill Lynch CEO John Thain sitting on a $35,000 potty that won’t go away.
Click here to read my column.
Former Illinois Gov. Rod Blagojevich does not have many fans.
But you can count me as one of them.
His boyish face, his youthful hair, his relentless insistence that he did nothing wrong, even though they’ve got him on tape — I just can’t get enough.
Click here to read my column on Blago.
Remember Barry Minkow and his famous carpet-cleaning company ZZZZ Best?
Well, Barry’s back. but not in the way you might think. In his own words about his past: “I was a thief and a liar and a crook.” But today he’s rooting out fraud.
Click here to read my profile on Minkow.
Also, click here to read my follow up after Minkow outted a corporate executive for lying on his resume.
Charlie Ponzi has been outdone so many times he’s got to be rolling in his grave.
There are more than 8,000 hedge funds, all run by professed geniuses who claim they can charge exorbitant management fees and still beat the market.
There are thousands more private investment managers and advisors making the same bold claims, despite history’s repeated lessons that they rarely hold true.
What if just 1 percent of these people are Ponzi-scheming thieves? What if the percentage is higher? What if it’s 3 percent or 5 percent?
Click here to read column.
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