My only reaction to the Wall Street Journal headline is, “What else is new?” Maybe the editor was thinking the same thing, only can’t say…
The repercussions from Facebook’s botched initial public offering deepened on Thursday as Fidelity Investments found itself dealing with “thousands” of customers with order problems and…
(via AFP) World leaders will huddle at Camp David Friday with the focus on Greece as it stumbles toward a possible eurozone exit that would…
William K. Black talks with EconTalk host Russ Roberts about financial fraud, starting with the Savings and Loan debacle up through the current financial crisis. Black explains how bank executives can use fraudulent loans to inflate the size of th…
It was the risk model, an inherent flaw discovered after the fact but in time enough to pass the bag onto others. This is the big one’ says one chieftan, ‘just the start, most of us won’t make it past next week. This will destroy the firm. But what oth…
If only it weren’t so freakin’ predictable…..
Bubble, Crash, Bubble, Crash, Bubble …
We will continue this cycle until we catch on. The problem isn’t only that the Fed is treating the symptoms instead of the disease. Rather, by irresponsibly…
The Fed ratified the market’s judgment on rates today, as it always does. The Fed does not set rates. It simply follows the market. This…
