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Congress wants to establish a Consumer Financial Protection Agency (CFPA) that will regulate everything from credit cards to mortgages.

House Democrats want the CFPA to be an independent agency, but Republicans are opposed. As a result, Senators Chris Dodd and Bob Corker are thinking of making it an arm of . . . the Federal Reserve!

Both Democrats AND Republicans are missing the point. Only Congress – not unelected bureaucrats – should have power to write and pass laws. Please tell Congress to oppose the creation of the CFPA and tell them to introduce the Write the Laws Act (WTLA) instead.

You may borrow from or copy this letter . . .   

Yes, Ron Paul won the CPAC straw poll and delivered a good speech. Glenn Beck delivered a great speech too, but for my money it was a Judge Andrew Napolitano speech that was the best of CPAC 2010.

As I sat in the audience following Judge Andrew Napolitano’s speech during the Liberty Forum at CPAC 2010 I couldn’t help but wish he was delivering it in the main ballroom on the final afternoon leading in to Glenn Beck’s keynote. Then again, he may have been booed, but that wouldn’t have stopped him.

While Glenn Beck’s speech was very good and included arguments the GOP needed to hear, the Judge’s speech was an uncompromising and no-holds-barred session of truth-telling.

Watch Judge Napolitano’s speech below. If you’d like to watch the entire Liberty Forum the complete playlist is available here and the question and answer session is here.

The polls are clear. Most Americans hate the Democrats’ healthcare plan. But Obama and Pelosi don’t care what you think. They want to use an obscure process called reconciliation to bypass the need for a super-majority in the Senate.

This foolish move may cost the Democrats their majority control of Congress, but it will also be hazardous to your health, if they get away with it. Here’s the key to stopping them . . .

Obama and Pelosi lack the votes they need in the House for their reconciliation scheme to work. Very few House Democrats are as suicidal as the President and the Speaker. We must keep it that way by maintaining the pressure.

We know you must be tired of this issue, but you must not relent. Temporary fatigue can lead to a permanent bad outcome. Please send Congress another letter using our quick and easy Educate the Powerful system.

by John Browne – Senior Market Strategist, Euro Pacific Capital

The bad news for Greece is that despite some help from abroad, and some attempts at internal reform, investors are still leery of the troubled state. The good news, if you can call it that, is that they will soon have company in the penalty box.

Now that investors have come face-to-face with the reality of sovereign default in the developed world, greater scrutiny will befall those countries with fiscal conditions similar to Greece. The United Kingdom is a cause of great concern, with a debt ratio rapidly approaching Greek levels. The economic challenges facing Britain are aggravated by a Labour government that is pushing the country further toward socialism. As a result, in from mid-2008 to today the pound sterling has lost some 25 percent of its value even against the US dollar. Debt and socialism are a toxic mix for investors.