New Fed Chief Janet Yellen gave her first press conference, and the markets crashed. You really can’t blame her. She is now in charge, and interest rates have nowhere to go but up. The Fed cut another $10 billion in bond buying, but it is still pumping out $55 billion a month to prop up the system. That is still more than $600 billion a year.
Finally, infomercial pitchman Kevin Trudeau has been convicted of fraud and sentenced to 10 years in prison. He’s lucky, sentencing guidelines say he could have gotten as much as 25 years. My question: Why no jail time for big bankers who have committed fraud on a global scale? What is wrong with this picture?
Join Greg Hunter of USAWatchdog.com as he gives his analysis of these stories and more in the Weekly News Wrap-Up.