‘Bank runs have become illegal’

In an interesting story posted by Tyler Durden over at Zero Hedge, we learn that the Obama administration is proposing a rule change to money market funds, essentially saying that Your Legal Right To Redeem Your Money Market Account Has Been Denied in the event that...

Gimmie Gimmie Gimmie: Taxes on Plastic Bags

As if taxing our gas by the mile isn’t enough, we have politicians around the country, including Texas and Washington DC, who came up with what they think is a brilliant solution to increase revenue by taxing plastic bags at the grocery store. It’s not...

Texas May Tax Drivers by the Mile

We’ve mentioned before that governments that are broke will tax everything in sight in order to maintain power and control. Texas is no exception. While Texas is better off than most states in the Union, even here we have politicians scrambling to get their...

Arizona Going Bust, To Make Payments in IOU’s

For our readers from Arizona, you probably already know the state of your State’s finances. For those in other states, be on the look out for similar scenarios. We keep hearing about California, but there are a number of states facing serious shortfalls and it...

Official Unemployment Numbers Off by 32% ?

Tyler Durden at Zero Hedge took a close look at the Treasury Department’s money outflows and found some very interesting tidbits, to say the least, about money flowing out of the Treasury into unemployment insurance benefits. For some reason, the numbers the...