Category: Credit Crisis 2009
The analysis published under this category are as follows.
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).
Wednesday, November 11, 2009
Tobin Tax, Making Wall Street Pay Its Fair Share / Politics / Credit Crisis 2009
By: Ellen_Brown
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Wednesday, November 11, 2009
Hedge Fund Perps Walk Free From Financial Crisis Criminal Trial / Politics / Credit Crisis 2009
By: Danny_Schechter
Will Anyone Ever Go To Jail In Connection With Wall Street Crimes?
Danny Schechter Reports On How The Prosecutors Blew The First Big Case
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Tuesday, November 10, 2009
Credit Card Fiasco, Who is the Blame? / Personal_Finance / Credit Crisis 2009
By: Nilus_Mattive
I was recently talking to my mother, and she started talking about the evil credit card companies, and how they were out to get us all — right now — by jacking up our rates unfairly in a bid to record massive profits before new consumer-oriented legislation begins going into effect.
Tuesday, November 10, 2009
Post-Financial Crisis Secularization Controversy / Housing-Market / Credit Crisis 2009
By: Money_Morning
Martin Hutchinson writes: Massachusetts Land Court judge Keith C. Long recently ruled that foreclosure sales of two properties with securitized mortgages were invalid, a decision that ties up thousands of Massachusetts real-estate transactions.
Monday, November 09, 2009
Stocks, Dollar or Bonds, Which Crisis Will be Next? / Stock-Markets / Credit Crisis 2009
By: Graham_Summers
As I wrote earlier this year, the US’s monetary policy has already laid the seeds of the next Crisis. Is now no longer a question whether or not another Crisis is coming; instead, it’s a question of which Crisis and when. I’ve detailed what I think are the three general options below:
Thursday, November 05, 2009
I Apologize to David Viniar and Goldman's Lawyers and Call for More Regulation of Goldman Sachs / Stock-Markets / Credit Crisis 2009
By: Janet_Tavakoli
I apologize to Goldman Sachs’ CFO David Viniar. He did not lie when he said that Goldman’s direct credit exposure with AIG was hedged in the event AIG collapsed. He only addressed direct AIG credit risk.1 On September 16, 2008, he may merely have been unimaginative about risk to Goldman as a result of AIG’s potential bankruptcy partly brought on by stress created by billions in collateral payments already made—and the billions in additional collateral owed—to Goldman Sachs (and other CDS counterparties). Systemic risk is a matter of public interest. Viniar apparently did not intentionally give the impression that Goldman was disinterested when it came to AIG’s bailout.
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Tuesday, November 03, 2009
States Should Cut Wall Street Out! Own Your Own Bank / Politics / Credit Crisis 2009
By: Ellen_Brown
Pouring money into the private banking system has only fixed the economy for bankers and the wealthy; it has not done much to address either the fundamental problem of unemployment or the debt trap so many Americans find themselves in.
President Obama's $787 billion stimulus plan has so far failed to halt the growth of unemployment: 2.7 million jobs have been lost since the stimulus plan began. California has lost 336,400 jobs. Arizona has lost 77,300. Michigan has lost 137,300. A total of 49 states and the District of Columbia have all reported net job losses.
Saturday, October 31, 2009
U.S. Dollar Fiat Reserve Currency Root of the Global Financial Crisis / Stock-Markets / Credit Crisis 2009
By: Richard_Karn
Chapter 4: “James Ross Clemens, a cousin of mine, was seriously ill two or three weeks ago in London, but is well now. The report of my illness grew out of his illness, the report of my death was an exaggeration.”1
The matters discussed thus far in the first three chapters of our report, Credit and Credibility, may be summarized as follows:
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Thursday, October 29, 2009
Trillion Dollar Ticking Derivatives Time Bomb to Explode Under Bankrupt Banks / Companies / Credit Crisis 2009
By: Graham_Summers
Dear %$firstname$%,
At Gains, Pains, & Capital I’ve been warning about the Trillion Dollar Ticking Time Bomb of derivatives for months now. As a brief recap, let’s consider the following:
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Monday, October 26, 2009
Bailed Out Banks Continue to Raise Loan Interest Rates / Interest-Rates / Credit Crisis 2009
By: MoneyFacts
Since Bank Rate dropped to the historic low level of 0.50% in March, loan rates have continued to increase.
In this period half of all lenders offering personal loans, have upped their rates.
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Monday, October 26, 2009
Banks Screaming to be Regulated as Credit Card Panic Beckons / Personal_Finance / Credit Crisis 2009
By: Mike_Shedlock
Emails are pouring in over Citigroup's "Hail Mary Pass": How To Know Citigroup Is In Serious Trouble.
Here is one from "HG" who writes
Monday, October 26, 2009
Second Guessing Commodity Trading Systems / Stock-Markets / Credit Crisis 2009
By: Andrew_Abraham
Mechanical trading systems used in commodity trading if followed with discipline and patience can assist one in their quest for long term success. Many of these systems are based on trend following. One of the most positive aspects of mechanical commodity trading systems is that it helps commodity traders control their emotions ( or at least it should)
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Wednesday, October 21, 2009
Mervyn King Attacks Fellow Bankers, But Talk is Cheap / Politics / Credit Crisis 2009
By: Nadeem_Walayat
Mervyn King one of the key people behind the failure to regulate the out of control banking sector, the bailout of which risks bankrupting Britain Iceland style as the budget deficit continues to mushroom higher towards £200 billion for the current the fiscal year the consequences of which will trigger a double dip depression for Britain, uttered more words against his fellow bankster's, but as we have seen talk is cheap or rather worthless if not backed up by any real action to hold the bankster's to account.
Sunday, October 18, 2009
Bair Admits FDIC in the Red Until 2012 / Economics / Credit Crisis 2009
By: Mike_Shedlock
Counting projected losses FDIC bank fund in the red until 2012.
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Thursday, October 15, 2009
Reviving the Economy with Publicly Owned Banks / Economics / Credit Crisis 2009
By: Ellen_Brown
The credit crunch is getting worse on Main Street, despite a Wall Street bailout that is now in the trillions of dollars. The Federal Reserve's charts show that "base money" is rapidly expanding - meaning coins, paper money, and commercial banks' reserves with the central bank. But the money isn't making it to where it needs to go to stimulate economic growth: into the bank accounts of American businesses and consumers. The Fed has been pumping out money to the banks, and their reserves have been growing at unprecedented rates; but the money supply in the real economy has been declining.