DailyMarkets.com - In Celebration Of The Speculators, Who Bless Society With Signifcant Benefits

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In Celebration Of The Speculators, Who Bless Society With Signifcant Benefits Posted: 06 Apr 2012 02:25 PM PDT 1. “Nothing sparks spasms of poor economic commentary like rising oil prices. From left to right, pundits and politicians outdo each other at accusing evildoers of hurting good people. This week, a Democratic congressional committee held a hearing on the issue of high gas prices and excessive oil speculation. Speculators are easy targets. They seem to produce nothing. They merely buy and sell and hope for prices to move in directions that will bless them with big profits. In fact, though, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Bad Banks Posted: 06 Apr 2012 11:37 AM PDT If the size of our largest banks had anything to do with precipitating the financial crisis, or making it worse, then it is ironic that they grew bigger during the crisis. If we are to punish them for size now, through various provisions of Dodd-Frank, and lawsuits, or even by breaking them up, as some have suggested, we should at least recall how they grew during the crisis and the public service they provided in doing so. Bank of America, for example, acquired Merrill Lynch and Countrywide, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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