Latvia, Poland, Ukraine…why worry about what’s going on in the countries of Eastern Europe? Because Western European banks are overextended with loans to these countries, and our banks have their share of exposure too. Last night there was an incredible de-coupling of the dollar vs. other world currencies, resulting in a huge flight to [...]

Senate Finance Committee Chairman Max Baucus (D-MT) reportedly called for an emergency meeting for committee members inside his office Tuesday. The problem? The disclosure by Obama Treasury Secretary appointee Timothy Geithner earlier in the day that he had failed to pay $34,000 in taxes from 2001 to 2004. Oops.
Disgustingly, Senator Judd [...]