The Federal Reserve’s Political Gamesmanship
Posted by Larry Doyle on January 5th, 2011 6:36 AM |
Is the Federal Reserve independent?
I know, I know, ask a silly question, expect a silly answer, right?
Although the Federal Reserve would continue to pretend it is an independent entity, the fact is it has become another political wing of the federal government. If you did not think so, let’s juxtapose recent comments by Fed officials to real developments within the bond market. How so? Let’s navigate as Bloomberg reports, Fed Officials Said Recovery Insufficient to Alter QE2,…… (more…)
Whom Should Darrel Issa Investigate?
Posted by Larry Doyle on January 4th, 2011 6:47 AM |

Darrell Issa, Republican Congressman from California, will be the new chair of the House Oversight and Government Reform Committee. Early indications are that he will pursue investigations of Wikileaks, Fannie Mae and Freddie Mac, perhaps the Food and Drug Administration, and the failures and ineptitude of the Financial Crisis Inquiry Commission.
Is there any doubt that Issa and his committee could work around the clock pursuing a wide array of investigations? I have no doubt. The question begs, though, will Issa specifically lead this committee in an overly partisan fashion as it has operated in the past? Will Issa pursue investigations without generating real truth, transparency, and integrity? Will he unearth the ‘smoking guns’? Will he ask the hard questions and demand the real answers? (more…)
Betrayed by Their Government
Posted by Larry Doyle on January 3rd, 2011 6:39 AM |

What is the single greatest issue facing our nation today?
Is there any doubt that the last two plus years have been some of the most challenging in our nation’s history? Who is to say where we may be currently without the massive federal support of our markets and our economy? That said, what will be the long term costs of that aforementioned support? At the state level, many years–if not decades–of financial malfeasance have left future generations with bills of almost incomprehensible size.
While the size of the fiscal deficits at both the federal and state levels are astronomical, in my opinion, they are not the greatest problem facing our nation at this point. What is the greatest problem we face? (more…)
RSS Feed
Twitter
Facebook
Email
Home












