Latest Comments

• Regulators close Florida's BankUnited FSB

  Thu May 21, 2009
  • It would be unlikely that any of the failed banks received bailout money. As JDerry points out the feds did not wait until Friday night to close this one. You wonder if maybe they already had a lot scheduled for this weekend!

• Dublin cops arrest 7 after historic bank heist

  Sat Feb 28, 2009
  • I think it was the former CEO. He missed his multi-million dollar bonuses. These robbers will get life in prison. The robbers in the suits get a golden parachute.

• The rise and potential fall of America's banks

  Sun Feb 8, 2009
  • We are giving money to insolvent banks, which is only prolonging the problem. It is like pouring water into a leaky bucket.

• Dismal jobs data adds urgency to stimulus

  Thu Feb 5, 2009
  • Correct about the CEO's. There is a huge imbalance in executive salaries compared to the average worker that didn't exist a few decades ago. However, not ALL of us voted for Obama. Just a little more than half. And it takes more than "pushing buttons".

• Dismal jobs data adds urgency to stimulus

  Thu Feb 5, 2009
  • Even though most people want something to happen NOW, doing it haphazardly could mean a lot of wasted money, or a short term improvement followed by more recession. Think of it like preparing for battle. You don't just gather the troops, send them rushing in and say "good luck".

• Unemployment soars as layoffs mount

  Fri Feb 6, 2009
  • To Roger M: Michigan's unemployment rate in DECEMBER was over 10%. Check it out. Certain to be even higher in January. Which brings up another looming issue: The state unemployment funds are quickly running out of money. Where will the billions come from to cover that?

• Unemployment soars as layoffs mount

  Fri Feb 6, 2009
  • J. Hicks makes an interesting point. But it won't take legislation, just people using the underground economy, where they don't have to report and pay taxes on their income. It always exists and will increase during bad times.

• In op-ed, Obama warns of irreversible recession

  Thu Feb 5, 2009
  • No, neither your grandchildren nor your great-great-great grandchildren will be able to pay off the debt. It will only get bigger and bigger until it collapses under its own weight. We missed our chance at several points, starting right after WW II and up until about 10 years ago, to avoid it.

• FDIC: Cost of bank failures to exceed $40B

  Tue Feb 3, 2009
  • Pay attention to the numbers, please. The estimated cost of the bank failures is $40 billion. The FDIC fund is $34 billion. Do the math. And you can bet that the $40 billion is low, as there will be some surprises ahead that will add to the cost.

• Record number in U.S. getting jobless benefits

  Thu Feb 5, 2009
  • I am not sure I quite get this.