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Source: Walt Handelsman, Newsday, March 17, 2009.
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Source: Tom Toles, Washington Post, March 18, 2009.
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“Since the beginning of the crisis I have wondered why the government has found neither the will nor the way to attack the root of the problem – the people who borrowed money to buy homes they should not have bought. Now I think I understand. It would be too simple. People would understand a lot of small payments to the guy down the street who does not deserve them, and become outraged. Far better to throw trillions at opaque corporations, the inner workings of which no one still really understands,” said Michael Lewis in this thought-provoking article. [...] More on this topic (What's this?) AIG Gets Third Government Bailout After Posting Record Loss (Money Morning, 3/2/09) AIG Sues the Government (The Value at Risk, 3/2/09) AIG's Commercial Real Estate Losses Mount (The Value at Risk, 3/3/09)
Financial markets were dominated this week by the announcement by Fed Chairman Ben Bernanke to employ the nuclear option of buying large-scale volumes of Treasuries and mortgage-backed securities. These actions were hotly debated on the video front, as was the AIG bonus issue and how enduring recent stock market gains would be. Some of the more interesting clips of the past few days are shared in this post. [...]
Bennet Sedacca sadly passed away on Tuesday. He was not only a regular contributor to the Investment Postcards site, but also a personal friend. We mourn this tragic loss. [...]
By Trevor Manuel Can Ulysses bind himself again to the deck, having succumbed for so long to the sirens’ allure? Global growth has slumped and its financing is in disarray. Once again the limits to institutional rationality are self-evident. It is not that we were not warned. The historical record repeats [...] | ||||||||||||||||||||||||||||||||||||||||||||||
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