GOP US Senate Race: Chachas quits NY job to run in primary
Mar 5th
GOP U.S. SENATE RACE: Chachas quits N.Y. job to run in primary
Republican has large war chest.
Read More
Tighter controls are the start for financial reform
Mar 3rd
The U.S. financial system experienced wrenching dislocation at end of 2008, requiring more engagement by the Federal government than at any time since the Great Depression. I remain strongly of the view that government intervention in financial markets creates distortions rather than efficiency.
We need smaller government and less interference
Mar 2nd
Unprecedented government intervention in American industry is damaging the spirit of risk-taking and entrepreneurship essential for maximum growth and recovery.
Reversing the recession starts with increased consumer spending
Mar 1st
Our well-intended President and a misguided Congress seem to forget that sustainable economic growth is not the consequence of government bureaucracy spending or of central economic planning.




On Greece’s tragedy built on credit default swaps
Mar 4th
Posted by blog in Commentary
No comments
Credit default swaps are the global lending equivalent of insurance against sovereign debt insolvency. Ironically, these debt instruments are intended to protect countries like Greece and its reckless lending habits, though they have failed to do that and the situation is worsening. Greece has been too slow to act to reverse its course. The problem compounded when the downfall of Bear Stearns and Lehman Brothers limited Greeceās access to global capital markets. Early warning signs for another financial crisis can be seen in current U.S. policies that must be changed.