Category: Credit Crisis 2008
The analysis published under this category are as follows.
Friday, September 18, 2009
Lehman Died So TARP and AIG Might Live / Politics / Credit Crisis 2008
By: Mike_Whitney
"Lehman's fate was sealed not in the boardroom of that gaudy Manhattan headquarters. It was sealed downtown, in the gloomy gray building of the New York Federal Reserve, the Wall Street branch of the U.S. central bank." ~ Stephen Foley, UK Independent
Thursday, September 17, 2009
Lehman Bankruptcy and Engineered Financial Armageddon Real Story / News_Letter / Credit Crisis 2008
By: NewsLetter
The Market Oracle Newsletter September 15th, 2009 Issue #74 Vol. 3Read full article... Read full article...
Wednesday, September 09, 2009
The Love Of Money, Lehman The Bank That Bust The World -BBC2 Thursday 9pm / Politics / Credit Crisis 2008
By: BBC
Last September, the collapse of Lehman Brothers tipped the world into the greatest financial crisis for 80 years. Now, one year on, in the first part of a major three-part series on the crash, the BBC offers the definitive account of what happened.
Wednesday, September 09, 2009
The Last Days Of Lehman Brothers, Today BBC2 9pm / Politics / Credit Crisis 2008
By: BBC
James Cromwell (Six Feet Under, LA Confidential); James Bolam (New Tricks); Ben Daniels (Law & Order – UK, The Passion); Michael Landes (Love Soup, Material Girl); and Corey Johnson (The Bourne Ultimatum) star in a work of fiction inspired by the real events that took place on the weekend of 12 September 2008 – when the Lehman Brothers went to the wall.
Thursday, July 09, 2009
Iceland's Banking Crisis: The Meltdown of an Interventionist Financial System / Economics / Credit Crisis 2008
By: MISES
By Philipp Bagus and David Howden: [Editor note: If you are interested in helping to fund the writing, publication, and distribution of a longer version of this article, with more technical detail and analytics, please write the development department.]
Tuesday, March 17, 2009
Robert Prechter on the Financial Crisis 30 Minute Video / Politics / Credit Crisis 2008
By: EWI
I want to share with you a FREE 30-minute video that might just change the way you think about government's response to the unfolding financial crisis. Please learn more below or get access to the video now . Read full article... Read full article...
Tuesday, February 10, 2009
$550 Billion Electronic Run On U.S. Banks Nearly Triggered Financial Collapse / Politics / Credit Crisis 2008
By: Submissions
At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a "tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars." According to Kanjorski, this electronic transfer occurred over the period of an hour and threatened a further $5 trillion to be drawn out triggering a total collapse of the Financial System, which prompted Hank Paulson's emergency $700 billion TARP bailout action.Read full article... Read full article...
Tuesday, January 13, 2009
How Deregulation Fueled the Financial Crisis / Stock-Markets / Credit Crisis 2008
By: Money_Morning
Shah Gilani writes: No one person is responsible for the credit crisis, the failure of investment banks, the insolvency of commercial banks world-wide, the implosion of the world's stock markets, or for leading us to the precipice of another great depression.
The truth is there were many.
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Sunday, January 11, 2009
4-Point Survival Guide for Turning Personal Financial Crisis into Opportunity / Personal_Finance / Credit Crisis 2008
By: Submissions
The current financial crisis is driving the world into a global recession. There is no job security anymore. Especially in times of financial crisis you need to be independent, become the CEO of your life and redefine yourself in order to create and attract new creative opportunities. This can be realized successfully according to an innovative four-stage authentic personal branding model, that will be introduced in this article, based on the bestselling book “Authentic Personal Branding:Read full article... Read full article...
Wednesday, January 07, 2009
Zero Interest Rate Policy and the Liquidity Trap / Interest-Rates / Credit Crisis 2008
By: Mick_Phoenix
Welcome to the Weekly Report (published 4 Jan 09). I had a nice break over Christmas and the New Year, having spent a week in Norway skiing enjoying guaranteed snow and a good exchange rate to Sterling, thus avoiding the horrible reality of a less than 1:1 Sterling/Euro tourist rate. Sometimes all this macro-econobabble has its uses.
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Friday, January 02, 2009
An Unappy New Year for the Financial Markets / Stock-Markets / Credit Crisis 2008
By: Professor_Emeritus
Another forgotten anniversary that haunts the nation is the re-establishment of the gold standard in the United States by the Roosevelt administration on January 1, 1934. What? -- you may ask incredulously. Roosevelt re-introducing the gold standard in the United States? You had better believe it. That's exactly what he did. He fixed the statutory price of gold at $35 per ounce 75 years ago. This price was observed until 1971 as it was also incorporated in several international treaties, and confirmed by the solemn promises of several presidents following Roosevelt. It is a great pity that Roosevelt-worshippers frown upon the idea of following the leader. They should demand a return to the gold standard now, 75 years after Roosevelt showed the way out from the economic quagmire. Read full article... Read full article...
Tuesday, December 30, 2008
Foundations of the Financial Crisis / Stock-Markets / Credit Crisis 2008
By: John_Mauldin
This week I have a special Outside the Box for you. My long-time friend Doug Casey wrote a very prescient piece back in 1997. He has updated it somewhat for today's times. The critical part is a summary of the work of Richard Strauss and (friend) John Howe and their book The Fourth Turning, which I consider one of the more important and prescient (that word again) books of the last 25 years. (Amazon.com). It should still be read today. It is seminal to understanding the times we live in.
Doug summarized the book and makes some observations based on that understanding, many of which turned out to be true and some of which may well be in out future. I think you will find this to be very useful and enlightening if you are not familiar with their work, and a great review if you are.
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Sunday, December 28, 2008
State Budget Gimmicks Can't Solve Banking Crisis / Politics / Credit Crisis 2008
By: Mike_Shedlock
Citing ethical concerns, as if Illinois had any, a Coveted Casino License went to lowest bidder who plans to build in the city of Des Plaines. Illinois gambling regulators on Monday chose the lowest bidder among three finalists for the state's only unused casino license, saying the company that plans to build in Des Plaines didn't raise the ethical concerns posed by finalists for Waukegan and Rosemont.
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Wednesday, December 24, 2008
Credit Crisis Watch: Credit Market Freeze Continues to Thaw / Interest-Rates / Credit Crisis 2008
By: Prieur_du_Plessis
Are the various central bank liquidity facilities and capital injections having the desired effect of unclogging credit markets and restoring confidence in the world's financial system? This is precisely what the “Credit Crisis Watch” is all about – a regular review of a number of measures in order to ascertain to what extent the thawing of credit markets is under way.
Updating the report at this time is also to gauge the credit markets' reaction to the Federal Open Market Committee's (FOMC) announcement of a week ago about a Fed funds rate cut and specific actions that would move the Fed further towards a quantitative easing approach to monetary policy. (Also see my “ Words from the Wise ” review.)
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Monday, December 22, 2008
Bank of England's Failure at Handling of the Financial Crisis / Interest-Rates / Credit Crisis 2008
By: Nadeem_Walayat
Having watched and written about the increasing failure of the Bank of England to act throughout the crisis that broke way back in September 2007 as the run on Northern Rock Bank began, having always acted too little too late that was most recently evident during the summer of 2008 when the BoE was paralysed by the fear of inflation into a state of inaction on interest rates, the MPC members basically sat twiddling their thumbs whilst the economy burned. It took until a frustrated Gordon Brown effectively took away control of Monetary policy from the BoE on the eve of financial armageddon on 8th of October when he announced the first 0.5% cut in interest rates at the Prime Ministers question time despatch box. Read full article... Read full article...