Randy Miller blames the financial crisis on the Community Reinvestment Act of 1977 in his letter of March 25. In blaming the Democrats for the CRA, he seems to be unaware that the first George Bush signed a bill strengthening enforcement of its provisions. Even so, there is no way for any banker to be fined, let alone jailed, for violations. ...more

April 2, 2009

The question was direct and prescient. Rep. Joseph Crowley, D-N.Y., asked the Treasury secretary in an open hearing what could be done to stop American International Group from paying $165 million in bonuses to hundreds of employees in the very unit that nearly destroyed the company. ...more

March 21, 2009

Our Congress had a field day this week grilling the CEO of AIG, Edward Liddy, and making hay about bonuses that the company paid to some of its executives from bailout money. ...more

March 21, 2009

Economists are likely to debate the causes and solutions of the financial crisis and economic recession for a long time to come. ...more

February 6, 2009

A group of area business leaders is seeking to help the community make sense of how federal funds are gong to shore up the nation's financial market. It should be a useful exercise. ...more

February 6, 2009

If we didn't know better, the extravagant (and alarmingly routine) mea culpa episodes conducted by various nominees to top White House jobs would make us think all those bright bananas mistook Steve Martin for H&R Block. ...more

February 4, 2009

About $70 in nickels is ending up costing three Brevard County Sheriff's deputies a lot more. ...more

January 29, 2009

The Federal Reserve is taking steps to keep some distressed borrowers in their homes, but it may not make much of a dent in the nation's housing crisis. ...more

January 29, 2009

The Senate on Monday confirmed New York Federal Reserve Bank chief Timothy Geithner as President Barack Obama's treasury secretary despite tax problems that might have sunk his nomination in less desperate times. ...more

January 26, 2009

If the FDA regulated the media, it would require all stories about the economy to carry this warning: "Dizziness and pangs of existential angst may result. Do not read if you suffer from gloominess or are prone to bouts of anxiety. If you are near retirement age or work in the auto industry, consult with a physician before reading." ...more

January 1, 2009