A compilation of credible sources, insights and commentary on the financial crisis, brought to you by an expert on government affairs.

  • Worried about the DJIA? Worry about the $2 Trillion Fed Loan Instead
    03/05/2009 9:57PM

    While everyone at the cocktail party bemoans their dwindling 401ks (now dubbed, 201ks), you can set yourself apart and be everyone's Little Miss Sunshine by sharing this update on the Fed's non-transparent (secret) $2 Trillion in loans (the ones that a recent former Federal Reserve official told Flashlight he'd never heard of....)  Here is a link to a great update from Bloomberg.  I hope they will not be going out of business any time soon because we need more solid journalism along these lines.

    http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aG0_2ZIA96TI

  • What will we do with the empty stores?
    02/23/2009 10:56PM

    This retail consultant declares that there will be mounting numbers of emtpy malls and strip centers very soon.  It will be an astonishing change in landscape.  What can be done with these empty buildings?  Will they be torn down and made into parks?  House the homeless?  We should develop a national strategy to make lemonade out of these lemons.  A rebound of roller-skating rinks? (Super Freak, Super Freak, she's Super Freak-ay....oh, sorry, Flashlight is Flashing back).  Please reply with your ideas.

    http://finance.yahoo.com/tech-ticker/article/187534/Get-Ready-for-Mass-Retail-Closings?tickers=sks,%5Egspc,jwn,tif,zlc,jcp

  • Congressman Al Grayson (D-FL) Is Paying Attention
    02/22/2009 8:06PM
    It is heartening to know that a freshman Congressman from Florida is paying attention to the $2 trillion in secret Fed lending. He is no ordinary Congressman; he is a highly educated scholar from Harvard with a financial background. (Note, however, that Flashlight is a very ordinary person asking the same questions; it doesn't take a scholar). See Cong. Grayson's questions of a federal reserve vice-governor during a recent Congressional hearing:

    http://www.youtube.com/watch?v=Mj0JAfq4esk&feature=PlayList&p=85D4E7CDE844F386&playnext=1&index=2

    You might find it interesting to learn that earlier this week, Flashlight had an opportunity to ask a recent former Federal reserve governor his opinion of the $2 trillion loans and the Bloomberg lawsuit. He quickly responded that he had no knowledge --in fact, had never heard of -- the situation I was referencing.

    This response did not put Flashlight's mind at ease.
  • Preparing for a Great Depression
    02/22/2009 8:04PM
    If we could know the timing and trajectory of this economic downturn, and if we could know it would become a great depression rather than a recession, how would we prepare? I am interested in your ideas. Here are some ideas that have crossed my mind:

    Me at costco
    Me renting
    Me owning guns
    Me opening a liquor store
    Me at church
    Me at the library
    Me sewing
    Me in a Winnebago
  • How Can We Ask Good Questions When the Press Can't
    02/22/2009 8:02PM
    Review this clip from CNBC and you will wade through 4 talking heads and 8 minutes of an interview so poor that it is almost demeaning to CNBC's guests and certainly to you, the viewer. But hang in there until the 9th minute to see surprising responses to a very important question: will Timothy Geithner's plan work?

    http://www.cnbc.com/id/29103328