Posted 5 hours ago

This is too ripe. From the Financial Times:ECB voices high concern over liquidity schemeBy Paul J Davies and Norma Cohen in London and Anousha Sakoui in ViennaThursday May 15 2008 17:45The Europ

Posted 1 day ago

The Federal Reserve as other central banks is obviously taking onto its balance sheet a lot of mortgages these days. Well, the creators of the Federal Reserve system would be rolling over in

Tags: foreclosures program system

Posted 5 days ago

Its always a small sidebar in these type of crisis: the banks too small for the big guys to care. Rather than being bailed out, they simply are absorbed at pennies on the dollar by the big boys whos

Tags: game

Posted 1 week ago

You have to love Alan Greenspan. Today he s quoted as having declared the worst over for the credit crisis during a speech in New York. Yet, at the same time he still thinks housing has a long w

Tags: housing system

Posted 4 weeks ago

I think we were really on the verge of a financial collapse of unbelievable proportions that we haven t seen since the 1930 s. Former U.S. Treasury Secretary Paul O Neill describing the

Tags: real estate bubble system

Posted 5 weeks ago

The consequences of the massive credit bubble that s now unwinding were inevitable. (Don t buy the Wall Street and policy maker excuse that nobody saw it coming. We were early among those sayin

Posted 5 weeks ago

Rogers speaks the truth. Recall, Rogers was the original thinker behind the Quantum Fund (which made George Soros) back in the 1970s. He was right then, and he s right now. Of course, he ll be

Posted 6 weeks ago

When your dealing with an addict, you don t trust their word when they say they re going in the right direction when they won t admit they even have an addiction problem. That s the problem w

Tags: system

Posted 6 weeks ago

Leave it to the British to hit the economy with such a bold declaration. Granted, in the United States all policy makers are very fond of saying something to the effect that this situation and the

Posted 7 weeks ago

Regulators are playing with fire, said Allan Meltzer, a Fed historian and economics professor at Carnegie Mellon University in Pittsburgh. With good luck, none of these liabilities will come