Citigroup is whining that new regulations eliminate pricing for risk. So what does it do? Jack up rates is the answer. To lower interest rates, Citi customers must spend more . For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way ... Read the ful ... Read more

Massive fiscal problems confront California once again. Let's start with a look at California students hit with 32% hike in tuition .California undergraduates and their parents just got hit with a 32% increase in tuition by next summer. With hundreds of angry students chanting outside their meet ... Read more

Chalk up a rare victory for the little guy (and the nation itself). The Bill To Audit Federal Reserve Passes Key Hurdle In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming ... Read more

In response to Freefall In Small Business Loans I received an email from "ABO" the CEO and owner of a bank. ABO, who has been in the banking business 30 years, writes: Mish, I was reading the article you wrote concerning the difficulty of securing small business loans and President Obama prom ... Read more

When you can't change public opinion any other way, you buy it. That is the message from Huffington Post today in Economists Opposing Fed Audit Have Undisclosed Fed Ties . As the debate over an audit of the Federal Reserve intensifies in the House, one camp is trotting out eight academics that ... Read more

Typically, one of the best thing Congress ever does is nothing. And so it is again with the Cap-And-Trade energy bill. Thankfully, Senate Climate Bill Delay Raises Doubt on Chance for U.S. Law . The U.S. Senate won’t try to pass a bill limiting U.S. greenhouse-gas emissions for months, clouding ... Read more