Critics of financial regulation say, among many other things, that increased regulation will stifle innovation. Over the past year, it has become clear that many innovations are indistinguishable from scams, and these types of innovations should certainly be stifled.

 
The current recession is an international dilemma. With plans to bailout auto-makers, banks, and mortgage agencies now totaling over $800 billion, one must ask where’s the stimulus part? Will this recession turn into a depression? Economists and statisticians claim the economy is recovering yet the dollar’s value continues to drop, stocks are at a 12-year [...]

President Obama recently announced plans to reform complicated and misleading credit card practices. It is going to be hard for critics to point out fault in Obama’s plans without appearing crooked or unsympathetic in the eyes of the public. Reading that fine print has become essential to anybody signing up for a credit card, but with so many unfamiliar financial abbreviations, percentages and numbers to sort through, understanding exactly what you’re signing up for can bring you to tears. [...]

Some call it ‘cash for trash’, while Morgan Stanley believes it will do some good for the credit markets. Treasury Secretary Timothy Geithner revealed the Obama administration’s plan to help buy up to $1 trillion in bad bank debt. These toxic assets have been weighing heavily on the financial and banking institutions, limiting their ability to loan money and making credit hard to come by for many families. The plan was met with general approval from Wall Street investors, as the Dow Jones industrial average skyrocketed 497 points, making March 23, 2009 the fifth largest single-day point gain ever.

With the realization that April Fool’s Day is just around the corner, I cannot help but wonder if AIG is pulling a fast one on the American people.

Edward Tinsley, Republican candidate for New Mexico’s 2nd Congressional District, claims if elected he will represent the restaurant industry in Congress. Having worked in the restaurant industry for many years, Tinsley now operates 19 K-Bob’s Steakhouses in New Mexico.
According to Tinsley, some of the challenges faces the industry are immigration reform for workers, the economy [...]