Lloyd Wynn

Since October, 2007, the stock market has lost $8.35 trillion in value, retirement funds have lost over $2 trillion and within the past 2 years, $6 trillion in home equity has vanished. The question many Americans have been asking is where did all that money go? That is a question with merit and will require…

While Blacks have many individual superstars in diverse segments of our society, one of the fundamental weaknesses as a group is too many blind-spots when it comes to the economy. Those blind-spots, in part, will explain the disturbing trend of Blacks parroting rhetoric without considering its origin or veracity. To label the Community Reinvestment Act…

Imagine a patient visiting her physician for an annual checkup and is informed she has cancer. While in her physician’s office, she has a heart attack and now the physician must attend to the patient’s immediate health concern (the heart attack). That is the situation the Administration must confront. The $700 billion request by the…

Jerome C. received offers for a chess scholarship from several colleges but instead of walking the halls of ivy, he lay on a DC sidewalk with a bullet wound to the head, waiting for an emergency vehicle to take him to Howard University Hospital and then to the DC Morgue. Charles S. has operated his…

A soft labor market is truly a mischaracterization of the conditions which exists. The world’s biggest banks and securities firms cut 83,000 jobs from their payroll since August of last year as U.S. sub-prime mortgage delinquencies seized up the global credit market, according to data compiled by Bloomberg. Bank America announced it will not absorb…

“The banks exposed themselves too much; they took on too much risk …. It’s their fault. There’s no need to blame anyone else.” Warren Buffett in an interview with a Madrid newspaper, El Pais, speaking on the sub-prime crisis published May 25, 2008 “I believe that we are already in a recession…It will be deeper…

While you wait for that stimulus check and the house-approved foreclosure prevention bill to make its way through the senate and to the president’s desk, we have a genuine crisis unfolding in the Black community. Neither one of those measures will provide the relief needed within the Black community. We need a true economic stimulus…

If there is any lingering doubt about the state of the US economy, the Federal Reserve Chairman cleared that issue up May 13, 2008, in a speech to an Atlanta Fed conference. Chairman Ben Bernanke said, “financial markets remain unsettled” and “far from normal”. Contrast Bernanke’s statements with pronouncements by Treasury Secretary Henry Paulson and…