The Obama Administration Think They Have a “New Plan”

Treasury Secretary Timothy Geithner finally made his big public speech on the much anticipated bank bailout plan earlier today. For all the hype leading into the speech, I was left dazed and confused as to what really was different.
The first difference is that Geithner did make it evident that the price tag is to be [...]

Is Obama Banking on Recovery

The newly elected President Obama is under a microscope now that he has to create legislative action to fix the economy. It is no doubt that his 1st 100 days will be scrutinized for many years to come. Ironically, much of his plans are reminiscent of the “New Deal” implemented by former President Franklin D [...]

Force Majeure. Force What?

I was reading an interesting article published in the NY Times about Donald Trump’s latest legal battle against Deustche Bank today titled “Trump Sees Act of God in Recession.“
Here are the facts that have lead up to the headline. Deutsche Bank is seeking a payment of $40 million that Trump personally guaranteed for a construction [...]