Al Lewis Archive
Published March 20, 2013
Call it the Cyprus Solution: A bankrupt nation with an insolvent banking system lives yet another day by confiscating the assets of its savers.Why not try the same thing here in a nation closing in on $20 trillion in debt?
Published March 15, 2013
At a time when the nation is freaking out over $85 billion in sequester cuts, the ex-CEO of AIG wants more than $55 billion because the government didn't bailout his company enough.
Published March 13, 2013
On Monday, the SEC announced it settled securities fraud charges with Illinois. The state agreed to pay no fine, admit no guilt, and never again do what it didn't admit to doing in the first place.
Published March 06, 2013
Americans are willing to suffer declines in income, net worth, lifestyle, health, and even the integrity of their corporate and political leaders -- but one thing they will not tolerate is a decline in alcohol.
Published March 01, 2013
Fed Chairman Bernanke gave only hedged assurances that too-big-to-fail would not live on as a fundamental rule of banking or even just a market perception.
Published February 22, 2013
Office Depot and OfficeMax have been confusing each other's customers for years.
Published January 30, 2013
Mirsada Buric, a financial services advisor at BBVA Compass bank in Prescott, Ariz., knows firsthand that being rich has nothing to do with how much money you have in your bank account.
Published January 23, 2013
Erskine Bowles has been preaching about the nation's exploding debt for years. Does anybody hear him?
Published January 18, 2013
As recent history shows, gun owners forget where they've put their weapons more often than you might believe.
Published January 11, 2013
Seeking advice on her mortgage, Caylin Crawford called U.S. Bank for some help with her mortgage and was told the bank couldn't do anything until she defaulted on her payments. When she stopped paying, the bank didn't modify her mortgage -- it foreclosed on her home.