By Robert Romano — “The fact is, we are already bailing out Europe.” That was Americans for Limited Government (ALG) President Bill Wilson’s take on a recent Congressional Research Service (CRS) report published in September that showed the International Monetary Fund (IMF) has already dispensed €78.5 billion to the creditors of Greece, Portugal, and Ireland, or about $112 billion for [...]

By Bill Wilson — Were it not so deadly serious, the spectacle in Europe would be a sure bet for the top slot on Comedy Central’s fall line-up. With each passing day, the twisted machinations of the “Eurocrats” and their underlings in the banks become more absurd. But now, true to form and precedent, “Europe” has come up with a [...]

By Robert Romano — Those concerned about the ongoing debt crisis in Europe — and its potential spreading to the U.S. — should pay close attention to a meeting between French and German leaders this weekend. At issue are the terms of leveraging the €440 billion European Financial Stability Fund (EFSF) up to €2 trillion with freshly printed euros from [...]

By Frank McCaffrey — The Greek Prime Minister looks to make cutbacks and it sparks protests. ALG’s Robert Romano says this doesn’t surprise him and says there are similarities with Occupy Wall Street and the Wisconsin protests. Reporter Frank McCaffrey has the story.

By Rick Manning — Dec. 28, 1976, graveyard shift, 7-11 store on La Sierra Boulevard in Riverside, California. That’s when I had a rifle stuck in my face by four thugs who wanted the $40 in the register.  They took me to the back of the store where the cigarettes were stored, directed me to lie face down on the [...]

By Bill Wilson — It might not be an overstatement to say that the fate of representative government hangs in the balance as Slovakia has rejected the €440 billion European Financial Stability Fund (EFSF). It fell 21 votes short of a majority. Was it the day the mouse roared? When a free people stood up — as did the people [...]

By Robert Romano — On Aug. 26, Federal Reserve Chairman Ben Bernanke reaffirmed his decision to keep the Federal Funds Rate — the interest rate at which the Fed and banks lend to one another — at near-zero levels. He said, “[I]n what the Committee judges to be the most likely scenarios for resource utilization and inflation in the medium [...]

By Bill Wilson — A bilateral agreement between Finland and Greece has promised to give the Nordic nation €500 million collateral for its portion of the bailout of Greece’s creditors. Considering the risks, the call for collateral is hardly surprising — Athens’ credit rating is a mere grade above default, with many analysts predicting default to be all but inevitable. [...]

By Howard Rich – Last week a gleeful American press corps celebrated the most recent “European” bailout of Greece. In fact, one major wire service blissfully concluded that this $230 billion infusion of cash would “end the region’s debt crisis.” Of course such unfounded optimism is laughable — as anyone following the sovereign debt debacle in Europe is well aware. [...]

What me and countless others predicted would happen years ago has finally happened–the U.S. government admits that it lost money on bailing out Chrysler: U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday. The government recently sold its remaining 6% stake in the company to Italian automaker Fiat, wrapping up the 2009 [...]