naked capitalism Mon 2009-09-14 12:13 EDT
Top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion. Arguments by defenders of the too-big-to-fails are shown unpersuasive.
naked capitalism Sun 2009-09-13 12:26 EDT
The following top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion: Joseph Stiglitz, Ed Prescott, R. Glenn Hubbard, Simon Johnson, Thomas Hoenig, Neal S. Wolin, Sheila Bair, Anna Schwartz, William K. Black, et al...And yet, the top economic policy makers (Summer, Geithner and Bernanke)...don't want to break up the insolvent giants or even keep them from growing, don't want to reinstate Glass-Steagall, and want to let the banks keep using their same inaccurate models, overseen by the same spineless regulators.
bigger; break; Government Says Let's Make; Guest Post; insolvent banks; naked capitalism; Top economist says.
naked capitalism Wed 2009-08-26 16:18 EDT
Served by Jesse of Le Café Américain The peak of foreign capital inflows into the US was clearly seen in the second quarter of 2007, just before the crisis in the US that has rocked its banking system and driven it deeply into recession. Are the two events connected? Had the US become a Ponzi scheme that began to collapse when new investment began to wane, and the growth of returns could not be maintained? Watch the dollar and the Treasury and Agency Debt auctions for any further signs of capital flight, which is when those net inflows of foreign capital turn negative. And if for some reason the unlikely happens and it gains momentum, the dollar and bonds and stocks can all go lower in unison, and there...
break; financial market; Foreign Net Capital Inflows Preceded; Guest Post; naked capitalism; plunge.
Fri 2009-07-24 00:00 EDT
Asia breaks free; Geithner; Guest Post; naked capitalism; summer.
Tue 2009-06-16 00:00 EDT
Jesse's Café Américain: Break The Big Banks Up, and Let the Insolvent Parts Fail
big banks; break; Insolvent Parts Fail; Jesse's Café Américain; Let.
Mon 2008-04-21 00:00 EDT
Hussman Funds - Consumer Spending Break-Down, by William Hester : April 2008
Tue 2007-12-04 00:00 EST
Winter (Economic & Market) Watch >> Old Maid Cards; breaking the buck
Thu 2007-11-15 00:00 EST
Money market funds at risk? Bank of America plans a $600 million cushion, by John Waggoner (USA Today); "breaking the buck"
Thu 2007-11-15 00:00 EST
Mortgage Woes Damage a GE Bond Fund, by Andrew Bary (); "breaking the buck"
Tue 2007-11-13 00:00 EST
Cutting The Bull > Breaking the buck (Legg Mason propping money market fund)
