Archives for October, 2008

Harmless Halloween fun? A sign of growing public rage? All of the above? Happy Halloween:)

This great article from Housing Wire brings attention to some early action unfolding in the Alt-A mortgage wave. As discussed in an earlier post, ...

Just a quick plug for this excellent film (Via Big Picture).  Shot mostly in 2006, the film starts as an expose on credit card usury, ...

First, I'll start with a must read macro-perspective from the inestimable Noam Chomsky: The United States effectively has a one-party system, the business party, with two ...

“Let me issue and control a nation’s money, and I care not who writes its laws.” -Nathan Rothschild, 1838 We are being robbed blind.  Yes, the ...

There's a myriad of causes at the heart of this crisis, from mortgage and appraisal fraud, to CDO squared derivatives, to rating agency and monoline ...

Another bloodbath day for the DOW, which is off 20% from its pre-bailout peak, along with the S&P 500, which is off 40% (and Gold ...

This morning I watched this excellent panel discussion with Nouriel Roubini, Brad Setser and Benn Steil. A can't miss macro-discussion of the current ...

Though several watershed events of deregulation and a prolonged flood of Federal Reserve Bank liquidity plainly created the conditions for the real estate bubble, some ...

While the din of fear and panic over the Bailout legislation drowned out the voice of the American public, we learned this week that acting ...

At $45 trillion, the notional amount of CDS in existence is now fast approaching the total amount of credit market debt outstanding in the entire ...

Now that the Senate has passed a boated and, absent raising the FDIC insurance limit- materially indistinguishable bill from the one that the House voted ...

From Calculated Risk: It now looks like the National Debt will be over $10 Trillion tomorrow. As of Sept 29th, the debt was $9,945,578,231,981.59 The surge in the ...