Category: Credit Crisis 2010
The analysis published under this category are as follows.
Thursday, April 01, 2010
Student Loans, The Government is Now Officially in the Banking Business / Politics / Credit Crisis 2010
By: Ellen_Brown
“We say in our platform that we believe that the right to coin money and issue money is a function of government. . . . Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson . . . and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.” William Jennings Bryan, Democratic Convention, 1896
Friday, March 26, 2010
Let the Billionaires Pay for the Financial Crisis / Politics / Credit Crisis 2010
By: Pravda
Each year, Forbes magazine releases its famous list of billionaires. The just released 2010 classifications provide insightful information that in one year, the number of billionaires increased from 793 to 1011, and their accumulated wealth is 3,600 billion, up 50% compared to the previous year. For the super rich, the crisis is long gone.
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Friday, March 26, 2010
The World's Next Credit Crunch Is About to Strike / Interest-Rates / Credit Crisis 2010
By: DailyWealth
Tom Dyson writes: One of the largest economies is about to declare bankruptcy.
How do I know? Here's what fund manager Takahiro Kawase had to say…
Thursday, March 25, 2010
Financial Fraud, Wall Street, The Next Big Fight / Politics / Credit Crisis 2010
By: Danny_Schechter
In Britain, the police are raiding Hedge Funds to bust insider traders. In America, the Hedge Funds are still raiding us, even as public opinion calls for a crackdown on Wall Street. One recent poll, in a nation that seems so divided on everything, showed 82% for aggressive action. 82%!
Saturday, March 20, 2010
The Dummies Guide To Valuing A CDO: Reference Barnett-Hart’s Thesis / Interest-Rates / Credit Crisis 2010
By: Andrew_Butter
The “News” over the past eighteen months, is that the people who said that they knew how to do a rating on a CDO (Collateralized Debt Obligation), now say they don’t know how to do that.
And the people who said they knew how to value a CDO, or a RMBS (Residential Mortgaged Backed Security), now say they can’t do that either.
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Saturday, March 20, 2010
Economic Bubbles and Financial Crises, Past and Present / Stock-Markets / Credit Crisis 2010
By: Prof_Rodrigue_Trembl
"It is well enough that people ... do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford, American industrialist
Read full article... Read full article..."It seems to me that Europe, especially with the addition of more countries, is becoming ever-more susceptible to any asymmetric shock. Sooner or later, when the global economy hits a real bump, Europe's internal contradictions will tear it apart." Milton Friedman, American economist
Friday, March 19, 2010
SULTANS OF SWAP ACT II - The Sting! / Politics / Credit Crisis 2010
By: Gordon_T_Long
There are 7 stages to executing a successful sting operation. Whether this is the modus operandi behind the Sultans of Swap operating in the $605 Trillion OTC Derivatives market or just simple coincidence, I will leave it to you shrewd reader to determine. The seven stages do however offer us an instructive theater guide to better understanding these murky instruments called Interest Rate Swaps.
Thursday, March 18, 2010
Creating our Own Credit, The Growing Movement for Publicly-Owned Banks / Politics / Credit Crisis 2010
By: Ellen_Brown
As the states’ budget and credit crises deepen, four states have initiated bills for state-owned banks, and candidates in seven states have included that solution in their platforms.
Wednesday, March 17, 2010
Differences Between Lehman Brothers and the U.S. Government / Politics / Credit Crisis 2010
By: Michael_S_Rozeff
The report of Anton R. Valukas, Examiner, in the bankruptcy case of Lehman Brothers is out, and it provides much food for thought, of which a small portion is consumed here. There is one intriguing paragraph at the outset that raises a question in my mind: How different is the U.S. government from Lehman?
Tuesday, March 16, 2010
The Great Credit Squeeze 2010 / Interest-Rates / Credit Crisis 2010
By: Martin_D_Weiss
If you think that the sovereign debt crisis is mostly behind us … that America’s federal deficit is turning into a non-issue … or that we can just go back to business as usual … you’d better consider the drama now unfolding in the hard numbers just released last week:
Tuesday, March 16, 2010
How Is Credit Created? What is the Best Public Banking / Stock-Markets / Credit Crisis 2010
By: Washingtons_Blog
This is an open letter to the economics, finance and banking communities.
I don't have any dog in the fight, other than to figure out and then publicize what is best for the greatest number of people. People I greatly respect advocate for federal-level public banking, state public banks or a return to the gold standard. I am simply attempting to start a high-level debate about what the best option is.
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Friday, March 12, 2010
FDIC Guarantee is just an "illusion", How Safe Is Your Bank, Really? / Politics / Credit Crisis 2010
By: EWI
Our FREE report reveals why the FDIC guarantee is just an "illusion"
Friday, March 12, 2010
Washington Must Ban U.S. Credit Derivatives: Games and Gold (Part 2) / Politics / Credit Crisis 2010
By: Janet_Tavakoli
In an earlier post, I wrote that Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Credit defaults swaps on the United States currently settle in euros, but there is talk of creating new contracts calling for settlement in gold. This is just a trial balloon discussion at the moment, but it is one that Congress should immediately deflate along with all credit derivatives on the United States.
Wednesday, March 10, 2010
Distress Signals On Financial Crisis Watch / Stock-Markets / Credit Crisis 2010
By: Jim_Willie_CB
To be sure, almost without debate, all the financial world has turned to crisis mode. One can safely describe the norm to be crisis proliferation. This theme will clearly continue for the full year in progress. The signs are everywhere. The evidence is compelling. The criticism of remedy is replete with denials. The USGovt officials grow more desperate with each passing week. The Dubai and Greek debt woes seemed to have opened Pandora's Box.
Tuesday, March 09, 2010
Iceland Votes No to Repaying Icesave Debt to Britain and Netherlands / Politics / Credit Crisis 2010
By: Andrew_G_Marshall
People in Iceland have rejected their government's pledge to repay a debt of more than US$5 billion left by the collapse of Icesave Internet bank. 93 per cent of people voted “no” in a referendum.
Monday, March 08, 2010
Washington Must Ban U.S. Credit Derivatives as Traders Demand Gold / Politics / Credit Crisis 2010
By: Janet_Tavakoli
Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Failure to act now will only mean the U.S. will be forced to act after these "financial weapons of mass destruction" levy heavy casualties. These obligations now settle in euros, but the end game is to settle them in gold. This is so ripe for speculative manipulation that you might as well cover the U.S. map with a bull's-eye.
Thursday, March 04, 2010
Sultans Of Swap: Fearing the Gearing! / Stock-Markets / Credit Crisis 2010
By: Gordon_T_Long
Ever imagine getting your tie caught in a mechanical set of gears (sorry ladies - but I will spare you). The results are nasty! Now you know what the Sultans of Swap in the $695 Trillion global OTC derivatives market feel like. Every day the slow moving gears of the world economies relentlessly grind, making it harder and harder for the Sultans to wiggle loose or breath.
Friday, February 26, 2010
Surmounting Financial and Economic Armageddon, Cartel ‘End Game’ / Stock-Markets / Credit Crisis 2010
By: DeepCaster_LLC
“Wherever we look at the world economy today, we see a wall of risk…and potential financial catastrophe. We see a large number of virtually bankrupt major sovereign states (US, UK, Spain, Italy, Greece, Japan and many more) teetering atop a financial system that is bankrupt, but is temporarily kept alive with phony valuations and unlimited money printing…
Governments like the US and the UK are committed to printing increasing amounts of worthless paper money in order to finance their growing deficits. The consequence of this rescue mission will be a hyperinflationary depression in many countries, due to many currencies becoming worthless.
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Friday, February 26, 2010
Will the Financial Storm Pause Refresh? / Stock-Markets / Credit Crisis 2010
By: John_Browne
The world is currently in the eye of an economic hurricane. The leading edge of the storm, which made landfall in the second quarter of 2008, raged until the first quarter of 2009, and nearly demolished the world's financial system. By sand-bagging with trillions of freshly-printed paper currencies, fudging accounting rules, subsidizing key financial houses and markets, and calming the masses with half-baked rhetoric, a worldwide collapse was averted.
Friday, February 26, 2010
How Hot Money is Wrecking the U.S. Banking System… / Stock-Markets / Credit Crisis 2010
By: Money_Morning
Shah Gilani writes: When the Federal Deposit Insurance Corp. (FDIC) released its list of "problem banks" this week, 702 institutions holding $402.8 billion in assets were found to be in trouble.
That's the longest list in 17 years, and it's only going to get worse. In fact, regulators are expecting the number of troubled lenders to grow at an accelerating rate this year. They claim that an uptick in commercial-real-estate losses will serve as the key culprit.