Archives for “Debt Crisis”

This great little graph from CR shows where all that apparent 'wealth' of the last decade came from.. mortgage equity withdraw.

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 ...

As the crisis in the US deepens, we hear frighteningly little analysis of the geopolitical fallout of credit destruction. Naked Capitalism's Yves Smith reminds ...

Please check out this video compilation of Peter Schiff predicting the severe credit crunch consequences as we are now beginning to feel in the real ...

Does anyone else find this shameful? In a speech this morning, Paulson laid out his priorities for some $350 billion of the bailout fund that remains ...

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, ...

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 ...

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 ...

Wow, just wow!  Hopefully they will stay in Washington and implement a plan that has a chance in hell of working. This is a rare victory ...

So far, the revised Paulson Plan looks very bad. Suspends mark-to-market pricing (not surprising, as it would BK many banks), allows banks to maintain ...

We are at a critical juncture in our country's history.  Congress is being pressured to pass a bailout package that will cost the taxpayers trillions ...