Do you remember that Fannie and Freddie had to be bailed out by the government – I mean taxpayers – so their total implosion wouldn’t trigger a global depression? The guy who engineered their bailout is worried.
Los Angeles TimesJPMorgan Chase's Huge Loss Exposes the Risky Side of BanksLoanSafeThe risks are considerable, however, a fact underscored by JPMorgan Chase and Co.'s recent trading loss of at least $2 billion on such trades. Coming just four y…
Los Angeles TimesJPMorgan Chase's huge loss exposes the risky side of banksLos Angeles TimesThe risks are considerable, however, a fact underscored by JPMorgan Chase & Co.'s recent trading loss of at least $2 billion on such trades. Coming …
The real measure of sustained and sustainable improvement in the US economy isn’t just total employment; it’s full time employment. Part time jobs normally don’t…
(repost – from back in January)
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STATE OF THE UNION: ECONOMY
The Phantom 15 Million
Taming unemployment starts with solving the mystery of the jobs that were supposed to have been created in the past 10 years but weren…
http://www.pbs.org/wgbh/pages/frontline/warning/view/
In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Bor…
Concern that Washington can’t control rising debts or create enough jobs to spur growth contributed to the crash as did the loss of America’s pristine AAA credit rating. Rising fears about Europe’s debt woes made matters worse.
The S&P 500 is down …
What an incredible day and incredible week! Fortunately for us, we foresaw virtually all of what is transpiring in the markets. Although the strength of…
Barry Ritholtz wrote this piece several months ago and it may have already been posted here. However, his perspective now seems so accurate that I felt it was worth another look. It’s also worth noting that this Ritholtz commentary attracted hundreds …
The following is a translation of the Bernanke OpEd piece in today’s Washington Paste taken from the pages of our message board.. by Heywood (Wall…
