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Tying Up Loose Ends Before the New Year
By James Gelfer on December 17, 2009 | No Comments
Due to the enormous loss of wealth that was ubiquitous in the US, 2009 is a year to forget for most Americans. As we welcome in a new year—and a new decade—there is a higher level of uncertainty about the country’s future than there has been in my lifetime: we are in multiple foreign wars, fac... -
Fed Maintains Status Quo, Keeps Key Rate at Record Lo...
By James Gelfer on December 16, 2009 | No Comments
Earlier today Ben Bernanke, the Chairman of the Federal Reserve, announced that the Fed would be leaving the nation’s key interest rate at its current “exceptionally low” level. Since December of last year, the rate has been set at 0 to .25-percent in an effort to spur lending throughout the c... -
House Passes Bill to Regulate Financial Industry
By James Gelfer on December 11, 2009 | 1 Comment
Two nights ago author and New York Times columnist Aaron Sorken was the guest on the Daily Show, and he expressed concern that, essentially, nothing had changed since last year’s economic collapse. Many on Wall Street have admitted to the fact that the long held theory of “rational self-interest...





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