Citigroup was just the beginning. The US Treasury has announced that it will use more Citi-style rescue packages to help financial institutions in deep trouble.The nation's top number crunchers...

Securities and Exchange Commission chairman Christopher Cox has defended his regime in a way that would just leave the public gob-smacked.The culture of slack oversight allowed US financial...

The shock waves set off by Bernard Madoff's $50 billion scam continue to reverberate with reports that the FBI is now diverting agents from its counter-terrorism divisions to focus on...

The Securities and Exchanges Commission has had quite a shellacking over the last week over its ineptitude and turning a blind eye to Bernard Madoff's scam.An Office of Inspector General (OIG)...

US automakers will finally get a $17.4 billion announced by the White House, reports The Wall Street Journal.This rescue might well create more problems down the track. Certainly, it's no...

The Securities and Exchange has switched into damage control mode with SEC chairman Christopher Cox announcing an in-house investigation into why it did not detect the $50 billion fraud case...

There are two remarkable things about the Fed's decision today to cut interest rates to virtually zero. The first point is that it is bringing the US to Japan's zero interest rate policies....

Over the weekend, I did a blog entry condemning the Securities and Exchange Commission for ignoring the warnings it was receiving about swindler Bernard Madoff.Now Bloomberg reports that the SEC...

The Government Accountability Office has raised questions about the transparency of the US Government's $700 billion rescue package for profligate banks.In its report, the GAO says nobody really...

The Bush administration's bailout of Citigroup might be a sign of more to come, and that's a worry for everyone. Not just American taxpayers but right around the world.The most incompetent...

The problem with Paulson's $700 billion bailout is transparency. The auto industry begging for money raises some important question: why are some industries being propped up and others left to...

So markets rallied with president-elect Obama selecting New York Federal Reserve Bank chief Timothy Geithner to head the Treasury.It's a significant choice because Geithner warned years ago that...

At long last, the European Union is introducing measures that would bring ratings agencies into line with controls that seek to prevent conflicts of interest, and forces them to be more...

Earlier this week, I said that an Obama administration would have to bring in a massive fiscal stimulus to try and kick start the US economy. But of course, that's only one item on the to do list...

In his book The Age of Turbulence, former Fed chief Alan Greenspan proclaimed that subprime was a good thing for America. "The gains were especially dramatic among Hispanics and blacks, as...

There are many explanations for the crash. Some blame it on greedy bankers and investment strategies that shunned trust and integrity. Others blame it on cheap money and low interest rates. But the...

The market is in meltdown mode so the heat is on Securities and Exchange Commission chairman Christopher Cox.A few days, I did a blog entry on John McCain talking tough and threatening to sack him. I...

The Securities and Exchange Commission and regulators around the world have cracked down on short selling. Ostensibly, it's all designed to put a bit more transparency into the market. On one...

As a rule, politicians are shocking populists and John McCain is no exception by telling The Wall Street Journal that he would sack Securities and Exchange Commission chairman Christopher Cox.If...

Last month, I did a blog entry on Crocodile Dundee star Paul Hogan's battle with tax authorities. Basically, he was challenging the tax man to come and get him.Looks like the authorities are...