Tags: Banks + CDOs + Congress + Derivatives + Fed + Federal Reserve + Greenspan + Swaps
Former Fed Chairman Alan Greenspan has dispicable culpability in the current financial crisis- not primarily because of his loose monetary policy, or narrow-minded bent for free market solutions, but because his blatant failures of oversight and flawed advice to Congress amounted to no less than incorrigible bad judgment, because his lack of balance as Chairman
October 22, 2008 - 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: Bank of America + CDOs + Chase + CitiGroup + Economy + Federal Reserve + Goldman + investing + Mortgage-backs + Secretary Paulson + Treasury
There seems to be an incorrigible abuse of power underway and hidden from the public by here-to-fore respectable government officials. It is on par with the most brazen corruption of Wall Street. Indeed it dwarfs the crimes of Kenneth Lay at Enron and Bernie Ebbers at World Com. Discovering it is like unearthing ‘deapthroat’ or a mole at home inside the US intelligence community. It is despicable. And the GAO […]
October 9, 2008 - Economy, Politics - 0 Comments
Tags: 2008 Election + Bailout + Fed + Federal Funds + GNMA + Interest Rates + investing + McCain + obama + Palin + Treasury
The financial makets are in turmoil following the $700 billion bailout passed by the US Congress. What happened is that the frank reality of the bailout debate raised the level of awareness about the actual size of the financial system’s problem and indeed raised questions about the amount necessary to fix it– for example, no mention was ever made of the Government […]
October 7, 2008 - Economy, Markets, Politics - 0 Comments
Recent Comments