Category: Credit Crisis 2010
The analysis published under this category are as follows.
Friday, January 15, 2010
Investment Opportunity or Economic Catastrophe? Coming Soon / Economics / Credit Crisis 2010
By: DeepCaster_LLC
“…To put it bluntly, Faber says, ‘we are doomed’…
Faber, a long-time critic of U.S. policies, argues the private sector acted rationally after 2008 by deleveraging and increasing its savings. The government, on the other hand, added more debt and leverage. They can get away with it for now because interest rates are low. Eventually, interest rates will rise, causing the public sector debt bubble to burst under the weight of government entitlement programs like Medicare, Medicaid and Social Security…
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Wednesday, January 13, 2010
It's Time For Shareholders to Squeeze Greedy Wall Street Bank Bonuses / Companies / Credit Crisis 2010
By: Money_Morning
Martin Hutchinson writes: Wall Street bonuses are back in the news again, as the Obama administration scores cheap political points by bashing bankers.
Wall Street's investment-banking houses correctly claim that they are paying out a much-lower-than-usual percentage of their profits in the form of bonuses - in some cases, less than 50%.
Monday, January 11, 2010
Americans Walking Away From Mortgages / Politics / Credit Crisis 2010
By: Andrew_Abraham
It seems now almost acceptable that Americans can walk away from their mortgages. Why not? So many are upside down, owing more money on a house than the house is actually worth.
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Monday, January 11, 2010
Why Paying Your Mortgage May Be Financially Irresponsible / Politics / Credit Crisis 2010
By: Karen_De_Coster
Roger Lowenstein has written one of the best articles I have read on the topic: walking away from your house. The prominent author and journalist published a January 7, 2010 article in the New York Times with the headline, "Walk Away From Your Mortgage!" Lowenstein acknowledges that it may be financially careless for homeowners who are upside down on their mortgage to keep paying it in order to hang onto a fantasy of ownership and avoid the shame of default. In this article, Lowenstein’s subject is the borrower who can afford to pay the mortgage but considers opting out for reasons of financial benefit and survival. This is referred to as a strategic default.
Friday, January 08, 2010
Bernanke Making Greenspans Financial Crisis Mess Worse / Stock-Markets / Credit Crisis 2010
By: Tim_Iacono
If there is one man in the nation's capitol who maybe isn't too unhappy about Treasury Secretary Tim Geithner being in the news today, it's probably Fed Chairman
Ben Bernanke who delivered a speech titled Monetary Policy and the Housing Bubble over the weekend, a topic that continues to generate a lot of discussion at mid-week, little of it positive.
Friday, January 08, 2010
Timothy Geithner, I Call Your Bluff / Politics / Credit Crisis 2010
By: Janet_Tavakoli
The Treasury responded to reports that the New York Fed asked AIG to suppress and delay facts about the bailout. Meg Reilly, a Treasury spokesperson claimed: “In the transaction at the heart of this dispute…the FRBNY [Federal Reserve Bank of New York] made a loan of $25 billion which is on track to be paid back in full with interest.” She claims the loan is currently “above water.”
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Thursday, January 07, 2010
Bernanke and Greenspan, Financial Crisis Not Our Fault / Politics / Credit Crisis 2010
By: Peter_Schiff
It seems that the primary qualification needed by any chairman of the Federal Reserve is the ability to never admit error, no matter how damning the evidence. During his tenure on the job, Alan Greenspan set the standard for implausible deniability. But in a speech last weekend in Atlanta, current chairman Ben Bernanke did the Maestro one better.
Thursday, January 07, 2010
Moving Your Money from Wall Street to Local Community Banks / Politics / Credit Crisis 2010
By: Ellen_Brown
The recent proposal to vote with our feet by shifting our deposits from Wall Street to community banks is a great start. However, community banks are not suffering from a lack of deposits so much as from a lack of the capital they need to make new loans, and investment capital today is scarce. There is a way out of this dilemma, demonstrated for over 90 years by the innovative state of North Dakota -- a partnership in which community banks are backed by the deep pockets of a state-owned bank.
Wednesday, January 06, 2010
Did Iceland Run a Giant Ponzi Scheme to Scam British Savers? / Politics / Credit Crisis 2010
By: Nadeem_Walayat
Iceland is refusing to repay the £2.3 billion that British Tax payers put up to temporarily bailout Icelandic banks operating in the UK following the 2008 Financial Crisis.
The President of Iceland played the victim card by stating that he would refuse to sign a bill passed by the Iceland's Parliament that authorised repayment of £2.3 billion owed as a consequence of the bailout of British savers in Icesave. Instead President Grimsson stated that he would instead hold a referendum on the bill which has ZERO chance of being passed hence there will no repayment.
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Wednesday, January 06, 2010
Iceland's President Tells UK Go To Hell, Hooray For Iceland / Politics / Credit Crisis 2010
By: Mike_Shedlock
Congratulations to Iceland for figuring out that it is better to suffer a credit rating downgrade than to torture its citizens for a decade or longer. Please consider Iceland president vetoes collapsed Icesave Bank's bill to UK
Wednesday, January 06, 2010
The Gates of Financial and Economic Hell Have Opened / Stock-Markets / Credit Crisis 2010
By: Bob_Clark
The abyss is widening, many have already fallen in. The Fat Boys at Goldman say they are doing God's work, do they really believe that. Maybe they know dark secrets we are not privy to. What does God's work entail? Stopping fear and panic? Holding up asset prices and presenting the illusion of a stable, recovering economy? If they fail, then hell will follow.
Monday, January 04, 2010
Bernanke Blames Congress for Financial Crisis / Politics / Credit Crisis 2010
By: Mike_Shedlock
Fed chairman Ben Bernanke is back at it again, pointing the crisis finger at everyone but himself. To be sure there are plenty of congressional clowns deserving of a Babe Ruth style "big point", but the biggest point belongs straight at himself.
Thursday, December 31, 2009
Global Financial Crisis, Globalization and the Economy in 2010 / Economics / Credit Crisis 2010
By: Ty_Andros
Human Behavior and the Broad Social Trends Driving the Global Financial Crisis, Globalization and the Economy in 2010 - PART II
THE TAKEOVER OF THE AMERIKAN HEALTHCARE SYSTEM PROCEEDED ON CHRISTMAS EVE AS THE GANG OF 535, ALSO KNOWN AS CAPITOL HILL, ONCE AGAIN VOTED AGAINST THE INTERESTS AND SENTIMENTS OF THE AMERICAN PEOPLE.
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Wednesday, December 23, 2009
Geithner Says There Will be No Second Wave To Financial Crisis 2010 / Stock-Markets / Credit Crisis 2010
By: Mike_Shedlock
One sure way we know a second wave to the crisis is likely coming is the preemptive denial of it by those who never saw it coming. Please consider Geithner: There Will Be No 'Second Wave' Crisis.