Here is an entertaining video by Tim Hawkins called "The Government Can" If you need an entertaining look on how the country is going to hell in a hand basket, that's the one. It's sure to make you laugh, although what he talks about in reality is no laughing matter. Mike "Mish&quo ... Read more

Some people never learn. Representative Barney Frank of Massachusetts is one of them. One might hope that Frank would have learned something from the Fannie Mae and AIG debacles. Sadly that hope is misguided. Barney Frank now wants the government to enter the municipal bond business. Please cons ... Read more

Citigroup (C) and other banks in negotiations with the financial cavalry apparently will be giving up voting control and equity positions within the banks that are supported. The voting control was all but gone a long time ago. When the Fed and Treasury has to bail out problems by the hundreds of bi ... Read more