Citibank is broke. BROKE. They are insolvent if you want to use the fancier term. They were one of the original beneficiaries of TARP funds and will likely need more. Let's be clear we have already nationalized them by giving them federal dollars,...

I don't like false modesty. Like someone recently said it's like another form of lying, but false outrage really pisses me off. So, to watch all these politicians scrambling to show how horrified they are that AIG used $165 million of taxpayer money...

Nouriel Roubini aka Dr. Doom said taking over the banks made the crisis worse: The institutions are insolvent, Roubini said in a Bloomberg Radio interview. You have to take them over and you have to split them up into three or four national banks,...

Well our new Prez spent the day letting everyone know he was the new sheriff in town: Earlier in the day, Obama said he would issue a pay freeze for his senior staff members. The new president has also promised swift action on the beleaguered...

Sigh. Maybe I'm just crazy for expecting leadership and not ideology from those in power during this crisis: The $713 billion plan was put together by Florida Sen. Mel Martinez, who has been working with a handful of other GOP senators. The proposal...