This great little graph from CR shows where all that apparent 'wealth' of the last decade came from.. mortgage equity withdraw.
Archives for 2009
Now I actually like Sheila Bair better than just about anyone else at the Treasury, FED and FDIC combined, but the talking points on this ...
Time machine posts come from my cache of articles related to the Great Unwind, and are pretty fascinating look back at where we've been during ...
Via WallStreetWatch.org: The financial sector invested more than $5 billion in political influence purchasing in Washington over the past decade, with as many as 3,000 lobbyists ...
Decent summary of the major pieces of the credit crunch. Unfortunately, not much mention of ratings agencies, monoline insurers, ABS complexity or macro-level monetary theory, ...
In a sign of what may be the future for more than one former Eastern Block nation, Latvia has defaulted after a week of rumors ...
The meme that Social Security is bankrupting the United States is beginning to rear its ugly head again as those opposed to entitlement programs are ...
Joseph Stieglitz to World Economic Forum in Davos: Any decision by President Obama to establish a 'bad bank' to buy up toxic assets would amount ...
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