Fri 2009-07-24 00:00 EDT
naked capitalism: Yet More Stress Test Doubts
Richard Kline: ``the entire core of the financial system has become an aggregated slime mold of formerly distinct Enrons, bloated 100 times larger''
Financial System Topic in The Credit Debacle Catalog
Tue 2009-04-21 00:00 EDT
naked capitalism: Guest Post: What Do Pensions Have in Common with AIG?
by Leo Kolivakis; ``Both were claiming to run a core business when in reality they were fueling a Ponzi scheme using "sophisticated instruments" or "alternative investments" that threaten the security of the global financial system''
Tue 2009-04-21 00:00 EDT
Interfluidity :: When did the crisis begin?
``the crisis that we're in now is precisely the same crisis we've been in since at least the S&L crisis. We've had a cancer, with some superficial remissions, but fundamentally, for the entire period from the 1980s to 2008, our financial system in general and our banks in particular have been broken.''
Tue 2009-02-24 00:00 EST
naked capitalism: "Fix the Accounting, Then Fix the System"
``we need a program for shrinking and rationalizing the financial system''
Fri 2008-12-12 00:00 EST
naked capitalism: "The western financial system we knew has collapsed"
Collapse; knew; naked capitalism; Western financial systems.
Tue 2008-09-23 00:00 EDT
The Wall Street Examiner >> Dear Senator, Save Our Beloved Republic!
by Lee Adler; ``By assuming most of the bad debt from the financial system (if thats even possible), the government will be infecting itself with the disease it has been seeking to treat''
Tue 2008-08-26 00:00 EDT
The End of the Beginning -- Developments in the Credit Crisis
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''
Tue 2008-07-22 00:00 EDT
Jesse's Café Américain: The Failure of the American Financial System
Jesse's Café Américain: The Failure of the American Financial System; Nouriel Roubini on ongoing collapse
Tue 2008-05-13 00:00 EDT
RGE - The de facto nationalization of the global financial system
by Brad Setser; perhaps "the rise in inflation in the Gulf and China and the difficulties both are facing trying to sterilize the rapid growth in the foreign assets is an indicator that there is a small risk that the US also might end up being a bit too large for the emerging world to save"
Wed 2007-09-19 00:00 EDT
The Lies of Alan Greenspan
by William Greider; "always spot reasons to stomp on the real economy of work and production, but was utterly blind to the destructive chaos in the financial system"