Posts tagged "Bank of America"

Chicago Mayor Emanuel's unconstitutional threat to banks and businesses regarding guns

Article I, Section 10 is a little-known provision of the Constitution that prohibits states from passing a “law impairing the obligation of contracts.” Rahm Emanuel is not a state, but as mayor of a municipal subdivision of the state of Illinois, the constitutional provision applies to him too. Emanuel’s letter to banks (and businesses) to... Read more »

Bank of America didn't need Warren Buffet money?

Billionaire investor Warren Buffett’s Omaha-based Berkshire Hathaway¬†stands to make a pretty penny by investing $5 billion in Bank of America whose stock had been diving toward the cellar. BofA’s stock soared on the news, as did the value of Buffett’s stock that he had just purchased for a song. But what is most amazing about... Read more »

Outrageous public pensions

What would you think about the government cutting the paychecks of executives running those bailed-out banks to about, or even less than, what teachers earn? Make that what retired teachers receive in pensions. Most Americans probably would say, “Wow, what a great idea. Teachers deserve a lot more money. And those bozo executives should be... Read more »
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