Tags: Bail out + BCA + C + Dark Capitalism + G-20 + Geithner + JPM + Treasury + WFC
Suffice it is to say that with the magnitude of losses on inflated assets to be finally realized by governments around the world having guaranteed, insured, backstopped, exchanged as collateral, or outright purchased them as rescue to private institutions, history shall surely, pejoratively refer to this time as the era of “Dark Capitalism.” This term seems deserved both because of the ‘too [...]
March 12, 2009 - Economy, Markets, Politics - 0 Comments
Tags: BAC + Bailout + Banks + C + Geithner + Investment Fund + Treasury
It is taking some time to put the polish onto the 2 trillion dollar Geithner bailout plan. Apparently the problem is how to maneuvre the public outrage when a third round of taxpayer dollars is given to the banks.
The package soon coming to calm the markets is a bank ’stress test’ purportedly designed to assure the public [...]
February 25, 2009 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Banks + Bernanke + BOA + C + Capitalism + Federal Reserve + IMF + JP Morgan + Paulson + Treasury
The world is witnessing the decapitation of American Capitalism. Understand that this is not the indictment of Capitalism as an economic system, nor the socialistic hurray following the defete of market economies, but the affirmation of free market capitalism left un-altered. America democratized Capitalism and made it unstable. It created a hybrid system of Capitalism based [...]
October 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Bailout Plan + BOA + C + Econonmy + Federal Reserve + investing + JPM + Mark to Market + SEC + Treasury Bailout Plan + WFS
For years US banks and their off-balance sheet subsidiaries originated mortgages with no money down, easy to meet, first year payment terms and then sold them to Fannie Mae, Freddie Mac and Ginnie Mae which guaranteed them enticing worldwide investors to purchase them in the secondary market. These same banks also structured derivative contracts to [...]
October 1, 2008 - Economy, Markets, Politics - 0 Comments
Recent Comments