Wed 2009-02-11 00:00 EST
``I call for the resignation of Fed Chairman Ben Bernanke, the abolishment of fractional reserve lending, and the end of the Fed itself''
Congress; Mish's Global Economic Trend Analysis; Open Letter; pain; shares.
Thu 2009-01-15 00:00 EST
Jesse's Café Américain: Did the New Deal Fail? ``The New Deal was so "ineffective" that the Fed panicked and doubled reserve requirements in a draconian pre-emptive response because they feared inflation!'' ''In a fiat regime inflation and deflation are primarily...the end result of a series of policy, fiscal, and political decisions.''
Tue 2009-01-06 00:00 EST
Mon 2008-12-15 00:00 EST
Counterpunch; ``Total private-sector markets (in practice, markets run by the banks and money managers) have shown themselves to be just as destructive, wasteful and corrupt and, indeed, centrally planned as those of totally statist governments from Stalin's Russia to Hitler's Germany.''
ending; Jeffrey Sommers; Michael Hudson; Washington Consensus.
Wed 2008-11-12 00:00 EST
The End of Wall Street's Boom, by Michael Lewis, Portfolio.com; Meredith Whitney; Steve Eisman; ``...you must assume they are lying to you. They will always lie to you''
com; ending; National Business News; portfolio; Wall Street s boom.
Fri 2008-11-07 00:00 EST
Tue 2008-10-07 00:00 EDT
De-leveraging Fairy Tale Endings, by Satyajit Das; ``perceived abundance of liquidity was, in reality, merely an illusion created by high levels of debt and leverage''
Tue 2008-10-07 00:00 EDT
He Foresaw the End of an Era, by John Cassidy - The New York Review of Books; review of George Soros' The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means
books; ending; era; foresaw; New York Review.
Tue 2008-10-07 00:00 EDT
``The end of this financial crisis will occur when unsecured lenders feel safe lending to financial institutions again''
Tue 2008-09-09 00:00 EDT
Kenneth Rogoff: When will the global economic crisis end? | Comment is free | guardian.co.uk
Tue 2008-08-26 00:00 EDT
The End of the Beginning - Developments in the Credit Crisis, by Satyajit Das (Prudent Bear); 2008-05-27; ``limited recognition of the massive de-leveraging of the global financial system that is under way.'' ``The banking systems ability to supply credit is significantly impaired and will remain so for the foreseeable future.'' ``Changes in financial markets will have a significant impact on many companies that now rely on financial engineering rather than real engineering'' Das proposes: ``holdings and values of risky assets held by banks and investment banks must be accurately determined...Risky assets must be valued on a hold-to-maturity basis...Mark-to-market accounting should be suspended...Capital levels should be set on a bank-by-bank basis by regulators...Capital requirements should be eased...government [should] guarantee of all major bank liabilities''
Wed 2008-08-06 00:00 EDT
Winter (Economic & Market) Watch >> A Modern Day Alexander Hamilton; "moving to the end game, where massive American assets...marked down and sold to new foreign masters"
economic; Market; Modern Day Alexander Hamilton; watch; winter.
Mon 2008-08-04 00:00 EDT
Bagehot's Rule and the Cost of Being "Technically Insolvent"; "Fannie Mae and Freddie Mac were given open-ended government guarantees through January 2009. This open-endedness is a big mistake, because the potential costs are being as vastly understated as the pre-war estimates of the Iraq invasion."
Mon 2008-08-04 00:00 EDT
by Matt Taibbi; "The Bible-thumpers...would seem to have had little in common with the archpriests of the neoconservative movement...But they did: They shared an almost equal disdain for democracy, free speech and learning, and paradise for both groups was an intellectually mute America of vast malls, prisons packed full of ungrateful blacks, shitty TV programming to keep the brains chilled and 200-foot-high electrified fences along the Rio Grande."
Christian Right; ending; GOP's unholy alliance; John McCain; stand sucking.
