Steve Forbes Hammers Obama Financial Plan

Economic Critics Blast Obama

Bill Plante reports on Obama’s swift action on the economy during his first fifty days gets pans from detractors, Harry Smith talks to Steve Forbes, Peter Morici and the Financial Times’ Chrystia Freeland.

Keeping the Feds Out of the Banking Business

Take a look at this Video from Forbes reinforcing and emphasizeding that the US government needs to oavoid nationalizing banks.

Steve Forbes Video Keep Feds Out of Banking Business

Chairman, CEO of Forbes and Forbes magazine editor-in-chief Steve Forbes says the government should stay out of the banking business.

Fed Chief Considers Lessons of First Great Depression for Capitalism Survival

Watch the Federal Reserve Chief, Ben Bernanke as he reviews the mistakes made in the First Great Depression. Bernanke takes a question from Arnaud de Borchgrave about whether capitalism has failed.  Borchgrave asks the Fed Chief if they have become a casino, divorced from productive activity with social utility.

Fed Chief Bernanke Considers the Great Depression

Bernanke analyzes the Great Depression, but does not criticize the casino aspects of Credit Default Swaps that led to the current situation. It seems obvious that the financial sector is a large machine with nothing real to invest in, as the real economy has been destroyed or off shored so the financial class are left to invent artificial ‘innovations’ aka derivatives that sucker in investors to invest in things of no real productive value, aka financial weapons of mass destruction. Watch more videos on