Sunroom Desk

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Health care reform, another big government bailout? Where is the benefit to taxpayers?

Financial reporting dominated the news and Sunroom Desk’s clippings stack last week.

Voices in the wilderness keep telling all of us what is really happening and where our Ponzi scheme economy has brought us. But the financial sector keeps asking us to invest more money in this losing scheme. Today’s Wall Street Journal front page says
some of the country’s biggest property developers have become the latest to [...]

Steven Pearlstein’s editorial in The Washington Post today imagined an alternative universe in which a top Wall Street executive took control of a 2006 investors’ meeting, decrying the company’s excessive risk taking, warped loan underwriting standards, and the credit bubble. Pearlstein argues that a business leader who had taken these steps might have suffered in [...]

AIG, Fannie Mae, Freddie Mac, and Citigroup have gotten hundreds of billions from taxpayers because the country needs these companies to keep the engine of our economy going. They are supposed to provide funds that will help individuals and businesses attain financial security, profits and wealth.
That is what those companies were supposed to be doing all along. Instead, American taxpayers are [...]