Category: Credit Crisis 2009
The analysis published under this category are as follows.
Friday, December 11, 2009
Middle Class Debt and Economic Outrage, Solutions, and The Financial Markets / Politics / Credit Crisis 2009
By: DeepCaster_LLC
“We don’t need The Fed, The Fed is making our lives miserable…”
“Audit The Fed, then Abolish It” Jim Rogers, Fame Investor, Tech Ticker 12/10/09
"What's so frustrating is you have an administration that is arguing such a populist (ideology) and not appreciating all the unintended consequences that the consumer and small businesses have far less credit," Whitney said.
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Monday, December 07, 2009
130 Bank Failures and Complacency in the Markets / Stock-Markets / Credit Crisis 2009
By: Andrew_Abraham
This last week the Fed closed 6 more banks making total to 130 bank failures since the crisis started. There are strong expectations that even more small and regional banks will fail. Just these 6 banks cost the FDIC $2.3 Billion dollars.I believe there is something like 500 banks on the FDIC watch list. However all this time there is complacency in the markets. Bad loans are still out there…you name it from credit card debt to residential housing to a more menacing threat the commercial real estate markets.
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Saturday, December 05, 2009
Goldman Sachs Senior Executives Arming Themselves On Fear of Populist Uprising / Companies / Credit Crisis 2009
By: Paul_Craig_Roberts
Goldman Sachs senior executives are arming themselves with New York gun permits, according to Alice Schroeder on Bloomberg.com. The banksters “are now equipped to defend themselves if there is a populist uprising against the bank.”
Thursday, December 03, 2009
Goldman Sachs, Guns, and Bloomberg's B.S. / Companies / Credit Crisis 2009
By: Janet_Tavakoli
Bloomberg News has done a lot of good research during this financial crisis, so I was surprised yesterday when it released Alice Schroeder's article claiming Goldman Sachs Group Inc.'s employees are buying guns to protect themselves against an uprising against the bank.
Monday, November 30, 2009
Financial Crash Risk Increasing Exponentially as Derivatives Monster Continues to Grow / Stock-Markets / Credit Crisis 2009
By: Martin_D_Weiss
Martin here with an urgent reminder that, despite what you may be hearing from Washington, risk is still a four-letter word.
And despite solemn vows to the contrary, the U.S. government is promoting risk with new-found enthusiasm and gall.
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Sunday, November 29, 2009
Federal Reserve Allowing Bailed Out TARP Banks To Restrict Commercial Lending / Stock-Markets / Credit Crisis 2009
By: Bob_Chapman
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance.
Sunday, November 29, 2009
Dubai Debt Default illustrates Financial Crisis Not Over / Interest-Rates / Credit Crisis 2009
By: Mike_Whitney
The default in Dubai is not the beginning of Financial Meltdown 2. Don't look for dominoes here. Yes, it does raise serious questions about the vast debt-overhang in emerging economies--particularly East Europe. But, this is not a "sovereign default" in the strict sense, nor is there any great risk of contagion.
Friday, November 27, 2009
Flashback: Head of FDIC Says ‘The FDIC will never go broke’ / Stock-Markets / Credit Crisis 2009
By: Mac_Slavo
Flashback: On January 15, 2009, the head of the Federal Deposit Insurance Corporation, Sheila Bair, insisted that deposits in American banks were secure:
Thursday, November 26, 2009
Rothbard on the Financial Panic Then and Now / Stock-Markets / Credit Crisis 2009
By: William_W_Baker
Murray Rothbard's Panic of 1819, written for his dissertation and originally published in 1962, provides a window to an era when there was once a vibrant and well-articulated public debate on monetary policy measures. Fortunately, it was rereleased by the Ludwig von Mises Institute in hardback in 2007.
Monday, November 23, 2009
Warren Buffett, Stop Using My Credit Card! / Stock-Markets / Credit Crisis 2009
By: Janet_Tavakoli
I like Warren Buffett. I even wrote a book about the financial crisis contrasting his principles of prudent finance with recent excessive leverage, bad lending, and malfeasance (Dear Mr. Buffett). Buffett is not a regulator, an altruist, a consumer advocate, or an elected official. As CEO and largest shareholder of Berkshire Hathaway, his goal is to maximize shareholder value.
Monday, November 23, 2009
Red Alert, The Second Wave of The Financial Tsunami to Hit in 2010 / Stock-Markets / Credit Crisis 2009
By: Matthias_Chang
Many of my friends who have been receiving my e-mail alerts over the last two years have lamented that in recent weeks I have not commented on the state of the global economy. I appreciate their anxiety but they forget that I am not a stock market analyst who is paid to write articles to lure investors back into the market. My website is free and I do not sell a financial newsletter so there is no need for me to churn out daily forecasts or analysis.
Monday, November 23, 2009
I Retract My Apology and Call for More Regulation of Goldman Sachs / Companies / Credit Crisis 2009
By: Janet_Tavakoli
According to SIGTARP1, both the Federal Reserve and Treasury agreed that an AIG failure posed unacceptable risk to the global financial system and the U.S. economy. On March 24, 2009, Fed Chairman Ben Bernanke testified before the House Financial Services Committee [P.9]:
Read full article... Read full article...[C]onceivably, its failure could have resulted in a 1930’s-style global financial and economic meltdown, with catastrophic implication[s].
Friday, November 20, 2009
Robert Prechter The FDIC Anaesthesia Is Wearing Off / Companies / Credit Crisis 2009
By: EWI
The following article is an excerpt from Robert Prechter's Elliott Wave Theorist. For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks.
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Wednesday, November 18, 2009
More than 130 banks will have failed by the end of 2009. Is Your Bank Safe? / Companies / Credit Crisis 2009
By: EWI
Gary Grimes writes: Please understand that this article is about more than safeguarding your money; it's about saving you headache and heartache. It's about giving you peace of mind.
Before I explain, please allow me to ask a few questions:
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Wednesday, November 18, 2009
Financial Crisis Not Over, More Banks Going Bust, 100 Safest U.S. Banks / Companies / Credit Crisis 2009
By: EWI
Is Your Bank Safe? More than 130 banks will have failed by the end of 2009. What if your bank fails? Did you know you could be left in the lurch for days, weeks, even months before you get your money back from the FDIC? What happens if the FDIC can't cover your funds? How do you find a safe bank to protect your deposits right now? Find answers to these questions and more in the original "Safe Banks" report from Elliott Wave International. Learn more and download your free report now.
Friday, November 13, 2009
Neil Barofsky's TARP Report on Bailout Losses Comment / Politics / Credit Crisis 2009
By: Janet_Tavakoli
My comments on the upcoming TARP report will echo my February 4, 2009 comments. TARP’s inspector general Neil Barofsky already anticipates losses. Unfortunately, the losses are right on schedule.
Thursday, November 12, 2009
Résumé Tips For CEOs, Board Members / Companies / Credit Crisis 2009
By: Mike_Shedlock
Finding a CEO these days appears to be much more difficult than in the past. For example, Bank of America was forced to expand its search to include those living in New York. Shocking!
Thursday, November 12, 2009
The Triumph of Socialism / Politics / Credit Crisis 2009
By: LewRockwell
Do you think ideas don't matter, that what people believe about themselves and their world has no real consequence? If so, the following will not bug you in the slightest.
Thursday, November 12, 2009
Janet Tavakoli and Fox’s Liz MacDonald Discuss the Outlook for Future Financial Crisis Prosecutions / Politics / Credit Crisis 2009
By: Janet_Tavakoli
" Prosecutors are still licking their wounds today after the US losses criminal case against two former Bear Stearns hedge fund managers for their role in the financial crisis last year. Now a jury acquitted them of all six counts of securities fraud this was a shock it shocked Wall Street when the verdict -- in. That these guys are walking -- angry investors get their pound of flesh from anyone. Shouldn't but let's get a topical issues better president -- technically structured finance and author dear mr. Buffett Janet welcome. I was telling you I'm great -- that we use surprised that a verdict."
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Wednesday, November 11, 2009
Bear Stearns Ralph Cioffi Acquitted of Fraud Charges Yesterday / Companies / Credit Crisis 2009
By: Janet_Tavakoli
Ralph Cioffi and Matthew Tannin, former hedge fund managers and co-heads of Bear Stearns Asset Management, were acquitted yesterday (November 10) of all six counts in their fraud trial” U.S. v. Cioffi, 08-CR-00415, U.S. District Court for the Eastern District of New York (Brooklyn).