Peter Kraus, a former Merrill Lynch executive pays $37 millions for New York city apartment with taxpayer money.He spent only three months at Merrill Lynch this fall — and earned $25 million in bonus. God bless America! Executives who made millions out of this Financial Mess should return the money! Unfortunately , as the Swahili [...]

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President-Elect Barack Obama introduced his economic team Monday. Many people in his administration are Bill Clinton loyalists. Some critics are questioning whether this is the change that the new president referred to in his campaign slogan. The new president selected the best team for his administration certainly because the Clinton era was one the best, [...]

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The world economies are in trouble due to the effect of the American financial crisis. Due to the fever of the election in the Unites States, President Bush is in the news only to be blamed for the chaotic situation of the financial markets, for which he’s not entirely responsible. During the election, a president [...]

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The American economy was already trouble, but the current financial crisis has made things worse. So many people are losing their jobs and their retirement money as result of this situation. Being the most powerful economy in the world, the American financial crisis affects the world economy as well. I am troubled by the McCain/Palin [...]

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In bad times, the blame game is common in American politics. But those responsible for this financial crisis are: politicians, Wall Street and the American people for their naivety. Watch this and judge for yourself. (Thanks to New Politicus and Wisebread.com.) The bailout bill was signed by President Bush. It was tough labor for both [...]

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The American Senate just passed the bailout bill. The new version of the bill is certainly a better version compared to the first bill that failed. But time will tell. Should we give credit to the Senators? Or should we take it as they voted the bill through because they were under pressure. The good [...]

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The bailout failure is not surprising for people who pay attention to American politics. The disconnect between the politics and the people is so clear. I would call the American people responsible for their own choices. The country deserves the kind of politicians that they have. While the economy is shaking, the politicians show no [...]

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Senator Obama did the right thing by supporting the bailout. People won’t like his decision now but they must see it in a long run. He can’t afford to inherit a financial crisis in his first term presidency. The bailout is a bitter pill to swallow but necessary. As the Kongo of Congo say, “It [...]

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John McCain is against George Bush‘s bailout plan-But they agree on almost everything else in 8 years of Bush’s presidency. It is very ironic. As the Shangaan of Mozambique say,”Witch doctors do not sell their potions to each other.”

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The financial crisis in the United States is taking all the headlines in the news. The situation is grave. Almost every day one giant financial institution collapses, putting Wall Street in distress. By suspending his campaign “to show” to the American people his leadership, John McCain once again is trying to pull all the attention [...]

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