I want a different regime. I’m calling it cowboy monetarism. What do I mean by that? I want Wall Street to be scared to death of the Federal Reserve. I don’t want them lying around in bed with the Fed — I want them running scared.
Sometimes you have to take out your political lenses and look at the actual statistics to get a true picture of the health of the American economy. Right now, those statistics are saying a modest cyclical rebound following a very deep downturn could actually be turning into a full-fledged, V-shaped, recovery boom between now and year-end.
...Is fear itself. Fear may be the single biggest obstacle holding back this stock market from the rise it truly deserves.
He may very well be the greatest central banker of all time. But with all due respect, Volcker’s call this week for a European-style VAT (as well as a carbon tax) is itself a historic mistake.
First-term Rep. Betsy Markey is convinced that once people learn what's in President Barack Obama's new health care overhaul law, they'll support it. But it's not a message she was eager to carry in person to her constituents in Republican-leaning eastern Colorado.
Kentucky officials have opened a new front in the fight against internet poker, suing the owners of Full Tilt Poker, the US-oriented gambling site, to recover five years’ of losses by residents of the state.
A recent U.S. Supreme Court ruling offers investors no help in combatting excessive mutual fund fees. And shareholders advocates say the ruling may spark a new round of litigation.
A flaw in the most recent version of TurboTax, the nation’s most popular tax-preparation software, may have caused thousands of retired federal employees to overstate their medical deductions and unwittingly underpay the Internal Revenue Service, reports the New York Times.
The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.
The message from the Secretary of Transportation is clear: If he could, he would fine Toyota more than the proposed $16.4 million the Feds are seeking for the automaker failing to alert the government quickly enough about defective gas pedals.
As I was reporting the announcement of the Department of Transportation's fine against Toyota of $16.4 million, I kept thinking of the star athlete who makes gobs of money and is fined by the commissioner of the league for breaking a rule.
A panel investigating the roots of the financial crisis will press current and former executives of Citigroup at hearings this week about the bank's role in spreading trillions of dollars in risky mortgage debt through the banking system.
It is in the interests of all parties to support a strong financial services sector, one that can provide the lending required by businesses and individuals to drive the economic recovery forward.
To improve their profits, companies delay payment of justified claims, deny payment altogether, and defend their actions by forcing claimants to sue to get what they are entitled to, writes the author.
End the public lifeline for large financial institutions, Republicans are demanding as they push back against Democratic efforts to set new rules for the financial industry.
Russian consumers are able to spend, the Russian government has significant room to maneuver, and there is no need to endure a long and painful process of systemic deleveraging - all of which make Russia a smart play for growth-oriented investors.
It’s one of the great mysteries of the mortgage crisis: Why did Texas—Texas, of all places!—escape the real estate bust?
Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.
The federal judge in accused Ponzi schemer Allen Stanford's criminal case says he wants some answers before agreeing to Stanford's request for yet another new legal team.
With all these governors raising sales taxes on pole-dancing and everything else in sight, here's a guy with the political will and leadership to cut spending on education, health and union pensions without raising taxes in order to close a $4 billion deficit.