Is Bernanke playing dumb?

It’s hard to believe that Federal Reserve Chairman Ben “Helicopter” Bernanke is actually as dumb as his statements make him sound.  In his testimony to the Senate today, he said that if the government purchases common shares in banks, that it “may or may not” have an impact on shareholders. Has he never heard of […]

Oil Speculation

The news is full of (no, not that!) stories about Congress investigating the role of oil speculation today.  A CNN story says “Near-record oil prices could quickly fall by half if Congress were to rein in speculators“.  Sounds good – so what’s the hold up?  If Congress could simply pass a law that would drop […]