The PDF below, provided by the FDIC, shows the 20+ year trend of consolidation in the banking industry. Whereas in 1990 there were more than 12,000 commercial banks and 2800 savings institutions, now the number is less than 6,000 commercial banks and less than 1,000 savings institutions. In other words, competition in the banking industry […]
Michael Totten returns with another great article about US relations with the Middle East. The Middle East is as trashed right now as I’ve ever seen it. The Syrian conflict has killed more people than the Bosnian war. Iran is moving ahead on its nuclear weapons program while convincing fools in the West that it’s […]
Two news articles hit my RSS feed last week within 24 hours of each other. In the first, titled America the Lawless, the author describes various ways in which our government flaunts both foreign rule of law as well as our own. Last weekend, a Delta Force team kidnapped a Libyan, Abu Anas al-Libi, off […]
Did you know that when the United States was founded the state legislatures elected Senators all the way up until 1913 with the 17th Amendment’s ratification? The change was made in the wake of at least three scandals involving candidates who bribed their way into being elected by their respective state legislatures. I mention this both as a […]
The other day I wrote that I had reached outrage fatigue, but I still have a number of articles I’ve been saving in my RSS feed. This is another one, which illustrates why we shouldn’t take government privacy assurances at face value. This story comes from a journalist, who quoted “high officials” about a politically […]
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