Fed under fire as public anger mounts

Suddenly the Federal Reserve is everybody’s punching bag.

New York Times: U.S. Racing Toward Debt ‘Shock’

A page one, top-of-the-fold New York Times report Monday warns that U.S. debt is rising so fast that the federal government is careening toward a “payment shock” in the not-too-distant future.

Fiduciary Liabilities; Are You Covered?

With lawsuits piling up against pension plan sponsors, individual fiduciaries would do well to protect themselves against financial risks, experts say.

How to Invest in Gold Mania

“There’s no doubt in my mind that we’ll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.” – Doug Casey, September 2009

FDIC insurance fund closes quarter $8.2 billion in debt

As the number of problem U.S. banks swells to the hundreds, the Federal Deposit Insurance Corporation is increasingly hard-pressed to fill in the gaps where institutions have put depositor’s funds at risk.

FDIC Show Banks Recovering, Not Lending

Total loans and leases declined by $210.4 billion (2.8 percent) during the quarter.

Five more banks fail – 120 for the year

Banks in California, Georgia, Michigan, Minnesota and Missouri were shuttered, costing the FDIC a total of $1.5 billion.

Apparently, times aren’t so tough all over.

According to a new study compiled by the Center for Responsive Politics, 237 members of the U.S. Congress, or 44 percent, are millionaires.

Memo to Obama: “For God Sakes, strap on a pair and get to it”

This is bad. 10.2% unemployment. 16 million people out of work. Payrolls have been slashed 22 months in a row. The real jobless rate is now 17.5%. These are Great Depression numbers. Unemployment benefits have been extended, but policymakers still resist jobs programs. Why? Why no federal work programs? Why no WPA?

The Coming U.S. Budget Attack

The United States is moving backwards…fast. State budget cuts are decimating essential health and social services; public education is being destroyed; the social safety net is in tatters. To make matters worse, all of this is occurring when the loss of jobs stands at a twenty-six year high with no end in sight.