Economics and Investing:
Obama unveils broad financial oversight plan; blames current financial crisis on ‘a culture of irresponsibility’. New powers for the Federal Reserve? Wait a minute! Weren’t they the private banking cartel that got us into this mess, with artificially-low interest rates? AIG Refuses Crash Claims “That division [airline insurance] didn’t get any bailout money.” Black Swan Trader Bets Reputation on Inflation This one is a “must see”: Peter Schiff on The Daily Show (Thanks to GG for the link.) GG also sent this from Barron’s: Will Bad News Be Good for the Dollar Again? Foreigners exited U.S. assets in April as …