The Crisis & What to Do About It (1)
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Kevin (340)
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News Kontent (6)
1 day, 12 hours
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By George Soros1.The salient feature of the current financial crisis is that it was not caused by some external shock like OPEC raising the price of oil or a particular country or financial institution defaulting. The crisis was generated by the financial system itself. This fact—that the defect was inherent in the system —contradicts the prevailing theory, which holds that financial markets tend toward equilibrium and that deviations from the equilibrium either occur in a ...
Detailed Causes of the Crisis and Post-Crisis (1)
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dearjohnthain (2)
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Dear John Thain (2)
1 week, 4 days
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Since this is a political season, and with the economic crisis, I think everyone in finance understands there is a sort of “silly season” that ensues. We certainly noted the sort of irrational behavior that would immediately make an economist question their beliefs. To me, though, the most offensive form of this stupidity comes from those who believe the Community Reinvestment Act and Fannie and Freddie sparked the whole crisis. Mr. Ritholtz rails against this ...
Picturing the panic (several visual lessons in what went wrong with Wall Street) (1)
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dr@digitalroam.com (15)
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Digital Roam (15)
3 weeks, 6 days
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The last many weeks have been a field day for people around the world to unleash their inner stick figure. As everyone from market analysts on Wall Street to truck drivers on Main Street struggles to describe what is happening in the global economy, we see more "solving problems with pictures" than at any time in memory.Of the dozens of clips and links that people have sent me, here are my four favorites so far. ...
Greenspan Says That His Free-Market Ideology Was Flawed [Had A Bad Day] (3)
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Meg Marco (851)
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Consumerist (2084)
1 month
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Here's something that probably doesn't happen too often. Former Federal Reserve chairman Alan Greenspan had a crappier day than you did. He had to admit before our federal government that his free-market, anti-regulation ideology was "flawed." Ouch. From Bloomberg: "Yes, I found a flaw,'' Greenspan said in response to grilling from the House Committee on Oversight and Government Reform. ``That is precisely the reason I was shocked because I'd been going for 40 years or ...
The Market Collapse in Terms of Champagne (1)
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Smithee (49)
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Consumerism Commentary: A Personal Finance Blog (4)
1 month, 2 weeks
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If you’re still confused, as I was, about what exactly led to the failure of just about everything financial, here’s a video made by a Senior Editor at Marketplace, explaining what happened with a clever metaphor: Crisis explainer: Uncorking CDOs from Marketplace on Vimeo. ---Related Articles at Consumerism Commentary: A Personal Finance Blog:The Free Market vs. The Poor: ...Bank of America Will Buy Merrill Lynch, Lehman Brothers Declares Bankruptcy, What’s Left for Washington Mutual?: ...The ...
Generation MP3 (18) permalink
One Day As A Lion, ça n’est pas la dernière production Disney ni le prochain film de Jean Jacques Annaud mais bel et bien le nouveau projet de Zack De La Rocha, vocaliste de Rage Against The Machine, et Jon Theodore de The Mars Volta. Le premier EP devrait sortir le 22 juillet chez Anti-Records. [...]Copyright L8RMEDIA 1998-2008 - Tous droits réservés - L'intégralité des articles est à consulter sur generationmp3.comShared by Bastien Grandet (31)Contribute comment
