ATHENS, Greece – U.S.

Washington (AP) - Former Mass. Gov. Mitt Romney says the time has come to stop the economic stimulus program, contending that it has not worked as the Obama administration planned.

Three days after the Obama White House touted the program as creating or saving some 650,000 jobs, Romney said in a nationally broadcast interview that "the stimulus that the president and the Congress passed is not what's helped the economy"...

Republican presidential candidate John McCain met Wednesday with a panel of
business executives to seek their opinions on the Bush administration's proposed
$700 million bailout of U.S. financial markets...

The chairman of the U.S. Securities and Exchange Commission (SEC) Must Resign.

In a previous post entitled “Banking 101" (link below) I explained that the U.S. banking industry engages in fractional banking. This means that only a small amount of the money “deposited” in a bank is required to be kept in the bank’s vault. Most of the money is loaned to other customers.