In a move much akin to Luke Skywalker’s attack run on the Death Star, President Obama signed the so-called “Credit Cardholder Bill of Rights” that will crackdown on the malpractice of card issuers. The bill passed in both the House and the Senate with overwhelming majorities in support, and se...

President Obama, in his latest push to shore up healthcare, has stated that he expects a plan from Congress by July 31 that will overhaul the current healthcare system.  Obama, making good on one of his campaign promises, has proposed to reduce the ballooning costs of healthcare, guarantee the righ...

It’s well known that the bank stress tests were as much a measure to build confidence as to shore up ailing banking practices, so it wasn’t a surprise when 9 of the 19 banks that underwent the stress test passed with flying colors.  The other 10 banks were asked to raise additional capital in t...