Viewing articles by Greg Hunter

Posted by & filed under Greg Hunter, USAWatchdog.com.

Dear CIGAs, Both the House of Representatives and the Senate have passed their versions of financial reform legislation.  Now, the process of reconciliation takes place between both bodies of Congress to iron out a final bill the President can sign into law.  There is plenty in the bill such as new consumer protection, increased power… Read more »

Posted by & filed under USAWatchdog.com.

Dear CIGAs, While the stock market was beginning its 376 point plunge yesterday, the Federal Deposit Insurance Corporation was quietly putting the best face it could on a banking system in serious trouble.  In a press release to update the status of the insurance fund, the big positive headline was, “FDIC-Insured Institutions Earned $18 Billion… Read more »

Posted by & filed under Greg Hunter.

Dear CIGAs, Recent headlines coming out of the financial world have been jaw dropping.  Here are a few: US faces same problems as Greece, says Bank of England (The Telegraph), World markets rattled by Goldman fraud (The Economic Times), Goldman Sachs faces criminal investigation (Guardian UK), Government Probe into Wall Street Sales Widening (Fox Business),… Read more »

Posted by & filed under Greg Hunter.

Dear CIGAs, In the early days of coal mining, canaries acted as a warning that odorless poisonous gas was present.  If there was a dangerous gas build-up, the canary would be the first to keel over.  You can use the “canary in a coal mine” metaphor to describe the situation in today’s financial world.  Greece… Read more »

Posted by & filed under Greg Hunter.

Dear CIGAs, Pick a financial fire and you can be sure the U.S. government will hose it down with gallons of money.  AIG, General Motors, Chrysler, insolvent states, FDIC, Fannie, Freddie and all the banks are just a few of the blazes Uncle Sam has sprayed money on. Now, the Federal Reserve is printing up… Read more »

Posted by & filed under Greg Hunter.

Jim Sinclair’s Commentary When the litigation ball gets rolling one loss can take down the house. Dear CIGAs, Goldman Sachs was charged with fraud last week by the Securities and Exchange Commission.  The investment bank says the charges are “unfounded in law and fact.”  Regulators allege “Goldman wrongly permitted a client that was betting against… Read more »

Posted by & filed under Greg Hunter.

Dear CIGAs, Earlier this week, Fed Chief Ben Bernanke told Congress to basically raise taxes and cut the federal budget.  The inference was, if Congress doesn’t get its financial house in order, it will be their fault if the economy tanks.  Here is how Bernanke actually said it, “. . . Maintaining the confidence of… Read more »

Posted by & filed under Greg Hunter.

I heard Jim Cramer of CNBC say last night people are“ignoring the good news.”  I say when it comes to the mainstream media, just the opposite is happening.  The folks at the financial news networks are especially good at ignoring the bad news even though they should know better.   For example, we have been told… Read more »