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  • Gamblers in pin-stripe suits

    This is a very good news article showing how the current financial problem is rooted in the 1999 repeal of the Glass-Steagall Act of 1933. The Volcker Rule is now being implemented to control some of this banker-casino practice, but will it be too little,... Read More

    News
    3 - 4 min read
  • Bloomberg News admits there is no way out of the financial mess

    http://www.bloomberg.com/news/2011-10-12/wall-street-sees-no-exit-from-financial-woes-as-bankers-fret.html An era of decline and disappointment for bankers may not end for years, according to interviews with more than two dozen executives and investors.... Read More

    News
    2 - 3 min read
  • Dexia Bank nationalized by Belgium and France

    http://www.washingtonpost.com/world/europe/merkel-sarkozy-reach-agreement-on-banking-sector/2011/10/09/gIQADOV7XL_story.html BERLIN — The governments of France and Belgium agreed to nationalize Belgium’s largest bank on Sunday as the Greek de... Read More

    News
    2 - 3 min read
  • Slovakia scuttles Greek bailout

    http://www.usatoday.com/money/world/story/2011-10-11/slovakia-euro-bailout-fund/50734048/1 BRATISLAVA, Slovakia–Slovakian lawmakers on Tuesday rejected participation in an expanded euro rescue fund aimed at shoring up confidence in the ability of e... Read More

    News
    < 1 min read
  • The Revelation of Manasseh at St. Louis

    We got back last night from the St. Louis conference. Other than being a little tired from all of the late-night fellowship, followed by the long drive home, we are doing well. This was the largest conference that we have ever held up to this time. There... Read More

    Trip Reports
    3 - 4 min read

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