Raising FDIC Insurance … Why Temporary?

The latest minor fix for the economy since the so-called “bailout” didn’t pass is to “temporarily” raise the upper limit on FDIC insurance to $250,000.
In 1980, the limit on FDIC insurance was raised to $100,000 from $40,000 where it had been set in 1974. That probably was an accurate reflection of the change in the [...]

McCain and the SEC: On CNBC- “Where Were the Regulators?”

He was called reactionary a while back when he called for the firing of SEC head, Chris Cox.
Well, today an Inspector General’s report says that the SEC under Chris Cox has been derelict in its duty failing to provide adequate oversight of investment banks.
The IG report was reported on by Scott Cohn on CNBC today. [...]

Thank You, Barney Frank, for the Mess We’re In

Most people haven’t gone so far as to directly blame him, close but not quite, but I will. And we can throw in a few other prominent Democrats like Chris Dodd and Chcuk Schumer as well if you like. If there was ever any one person who deserved to have about 300 million people attend [...]