As featured in The Wall Street Journal, Money Magazine, and more!

Economy

HBO’s Too Big to Fail

by Luke Landes

Last night, HBO premiered Too Big to Fail, a movie based on Andrew Ross Sorkin’s book, Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System — and Themselves, based on the events of the financial meltdown of 2008 starring Bear Stearns, Lehman Brothers, Goldman Sachs, […]

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The Budget Deficit and Debt: Is the Government Like a Household?

by Luke Landes

Financial experts tell families to “spend less than they earn” and “don’t pay interest to borrow money.” The government does the opposite, running a budget deficit and paying billions of taxpayer dollars every year in interest payments. There is no question that deficit spending by the federal government is a problem. Or is there? There’s […]

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The Causes of the Financial Collapse

by Luke Landes
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In May 2009, the Financial Crisis Inquiry Commission was created to determine the primary factors that drove the economy to collapse, sparking the Great Recession. Their reports will be released in just a few hours to the public. The committee consists of members from both sides of the political aisle, and opinions within the report […]

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Frugality is Bad For the Economy

by Luke Landes
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The concept of frugality has permeated mainstream personal finance in the past few years. That’s understandable, given the state of the economy. For many who have been personally affected, following the loss of income or a job, this frugality is a forced approach. People are looking for ways to save money because they have less […]

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The Worst Investment California Has Seen

by Luke Landes

I wouldn’t gamble more money than I could afford to lose. I also wouldn’t spend my own money in order to win an election, but I’m not, and nor will I ever care to be, a politician. Even those living outside of California have heard, the former CEO of eBay, Meg Whitman, spent more than […]

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TARP Bailout: It’s a Success and Failure

by Luke Landes

The Troubled Asset Relief Program (TARP), created and enacted by President George W. Bush’s administration in 2008 with strong support from Republicans, has been deemed a success for taxpayers by President Obama’s administration on the date of its so-called ending, despite being criticized by opponents both liberal and conservative. Only $386 billion of the original […]

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Global Bank Reform: Basel III

by Luke Landes

Until I heard of Basel III yesterday, I didn’t know there was a Basel I or a Basel II. The three Basel accords exist to give banking systems around the world a framework in which they can operate successfully, and the latest of these accords introduces new requirements for managing risk. For the most part, […]

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Obama’s Proposed Investment in American Infrastructure

by Luke Landes

President Obama proposed yesterday spending more than $50 billion over the next six years to modernize the transportation infrastructure in the United States. He is calling for renovations to or creation of 150,000 miles of roads, 4,000 miles of rail, and 150 miles of airport runways. The $50 billion would be an up-front cost, paid […]

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Don’t Like That Political Ad? Click On It.

by Smithee

I recently learned of a sort of fun game that you can play with the political establishment, regardless of whose ideas you want to be represented in Government. Maybe it’s the websites I frequent, but it seems like I’ve been seeing advertisements on many of them on a regular basis for more than two years. […]

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New Financial Regulations in the Wall Street Reform Law

by Luke Landes

Updated: The media are calling the new Wall Street Reform Law, recently signed by President Obama, the most significant reform of the financial industry since the Great Depression. It looks to tighten the reins on a industry that helped cause the recent recession by requiring the Federal Reserve to create and enforce regulations on the […]

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