Bruce Krasting

On Lewis and HFT

NYSE[1]

I’m amazed at what’s happened since the Mike Lewis/60 Minutes interview. It’s like the book has unearthed some heretofore unknown information. As a result of these ‘revelations’ the Press has gone mad (it’s a global story), and the FBI, SEC and DoJ have announced they are looking into the evils of HFT.

Mel Watt on Fannie and Freddie – I want to go back to 2008- Bruce Krasting

When Harry Reid (D-NV) changed the rules on how the Senate votes for a Presidential appointment, he opened the door for a critical change in the leadership at the Federal Housing Finance Authority (FHFA). In short order, the Administrations’ pick for the job, Mel Watt, got the appointment that had been stalled for a year, and Mike DeMarco is out. Liberals hated DeMarco. And with good reason.

CBO on SS – Another 29′ Crash? Bruce Krasting

  The Congressional Budget Office is out with its annual review of Social Security. It’s a long report – here’s all you need to know:     This result is no surprise. SS’s finances deteriorate every year. What I found interesting is the extent of the deterioration. 2013 was the best year since 2008 for [...]

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America’s Income – Who Has It? Bruce Krasting

America’s tax system and the major social programs (Medicaid and Obamacare) are driven by income. The Social Security Administration has put out a report on income in America. The data covers all wage earners (153.6 million workers and the $6.5 Trillion they earned). The Following is a pic of the report(link), if you’re working, you’re somewhere on this page: