By BJ Lawson, on Oct 31, 2008
I'm grateful that Dr. Tom DiLorenzo, professor of economics at Loyola College, took the time to write a rebuttal to an inexplicably ignorant hit-piece recently published in the Wall Street Journal entitled "A Short Banking History of the United States."
By BJ Lawson, on Sep 20, 2008
The terrorists we must fight are not crouched in caves thousands of miles away.
The terrorists we must fight are threatening us with financial weapons of mass destruction that are destroying our economic system.
By BJ Lawson, on Sep 3, 2008
Today's New York Times has an Op-Ed piece by Roger Altman, formerly with Lehman Brorthers, Blackstone Group, and the U.S. Treasury, regarding the role of the Federal Reserve in the current financial crisis. This article deserves critical scrutiny by every American.
By BJ Lawson, on Jul 17, 2008
Headline of the day:
Cops to IndyMac customers: Remain calm or face arrest
By BJ Lawson, on Mar 14, 2008
Americans today are slowly being crushed by our currency's decline. Oil is $110 per barrel, gold is over $1,000 per ounce, and foreign currencies across the board are hitting new record highs against the dollar.
By BJ Lawson, on Feb 24, 2008
Why would Bank of America, the largest bank in the country, agree to purchase Countrywide Financial, one of the nation's most toxic mortgage lenders?
Four words: Too big to fail.
By BJ Lawson, on Jan 9, 2008
Lord Josiah Stemp, Director of the Bank of England, 1937:
"The modern banking process manufactures currency out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. If you want to be slaves of the bankers, and pay the cost of your own slavery, then let the banks create currency."
By BJ Lawson, on Nov 19, 2007
Often when I talk to people, questions come up about the current subprime/mortgage crisis and just how serious its impact is on our banking and financial system. This recent CNN/Money article does a good job of summarizing the "writedowns" announced and projected by major commercial and investment banks, and the impact that those writedowns will have on the broader credit markets.
By BJ Lawson, on Aug 29, 2007
This might not surprise you, but after reading this CNN/Money article entitled, "Panic on Wall Street: A brief history of fear", I've come to the conclusion that CNN doesn't understand how our banking system works. Here are some interesting quotes that portray unfortunate financiers as innocent bystanders victimized by panic and circumstances outside of their control:
