| ||||||||||||||||||||||||||||||||
Bank and Broker Default Risk Soars By Prieur du Plessis, on September 26th, 2008 posted in: Investment, Markets, Money  2 people had their say - chime in!
The following observation comes from Bespoke. “As the scarecrows (‘if I only had a brain’) in Washington bicker over partisan politics, the life blood of our economy is no longer flowing. Each hour that passes that a deal doesn’t get done, a tick of GDP washes away. By the time legislation does get passed, too much damage could already have been done. “Below we highlight the default risk of major banks and brokers through our CDS index. As shown, last week now looks like chump change compared to where levels currently stand. With the no short rule in place on equities, investors have clearly voiced their opinions through the credit default swap market. The proof is in the pudding, and unfortunately Congressional members are putting their parties over their country.You have premission to forward this to your elected officials!”
Source: Bespoke, September 26, 2008. Related articles:
More on this topic (What's this?) Lack of Prosecution of Bank Fraud: Conflict of Interest? (Money Morning, 2/2/12) What is the Best Bank in America? (Money Morning, 11/6/11) How Bankers Use Partisan Politics to Cause Division Among Us (the Underground Investor, 11/22/11) 2 comments to Bank and Broker Default Risk SoarsLeave a Reply |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
 (requires Windows Media Player) 
|      
   | ||||||||||||||||||||||||||||||
Copyright © 2012 Investment Postcards from Cape Town - All Rights Reserved Performance Optimization WordPress Plugins by W3 EDGE | ||||||||||||||||||||||||||||||||
Email
ECRI Leading Indicator: Turning for the better?
Roach on U.S. economy, Fed policy, China, Europe
Prieur’s Readings (Jan 30, 2012)
European choices
Too esoteric. If this is so important, explain better.
1000 banks bye-bye, maybe we will see a bottom in 5yrs, maybe? sorry small business, sorry home owners, save, pay debt next 5 yrs as recession like flu drags on. cash flow key, if not survival guide to business-living. 2yr notes-gold, pay debt,save, shop @ wall mart. wall street product giude toxic, rating agencies need to go to school on products, washington is child like in understanding, fed and treasury will not spill bad medicine,due to confidence, lying to off set panic, grab the bull by its horns, situation is bad, tough love, nasty medicine for the cure, where is tall paul!