financial meltdown

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Latest blogosphere posts tagged “financial meltdown”

• Pennsylvania’s Pension Crisis Approaches

  
  Liberty Maven Liberty Maven: For Liberty, One Individual At A Time — Authority: 434
  While I certainly wish everyone happy holidays, a very merry Christmas, and a prosperous 2010, I instead hope that many will take a moment from their holiday schedule to read a warning on pensions. As a consequence of the financial meltdown created by the money-printing of  the Federal Reserve and Congress, ...
  1 day ago

• Drug Money Saved Global Banks in Economic Crisis, Claims UN Advisor

  
  Pak Alert Press — Authority: 598
  Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutionsRajeev Syal | The Observer Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations‘ drugs and crime tsar has told the Observer.Antonio Maria ...
  1 day ago

• Princeton Economist and Computer Scientists Show that Derivatives Are Inherently Vulnerable to Fraud

  
  War On You: Breaking Alternative News — Authority: 518
  Princeton Economist and Computer Scientists Show that Derivatives Are Inherently Vulnerable to Fraud As I have previously noted, credit default swaps are destabilizing for the economy. See this . And the models used to evaluate financial instruments – such as the Gaussian copula formula for CDOs – are ...
  2 days ago

• Alert: “Prepare For Rebellion”, Obama Orders US-Canadian Troops

  
  Pak Alert Press — Authority: 598
  EU TimesKremlin position papers presented to Prime Minister Putin today on his upcoming meeting with NATO Secretary General Anders Fogh Rasmussen state that the European-US military alliance has authorized an ‘emergency request’ from President Obama to utilize American and Canadian NATO troops to put down what is ...
  2 days ago

• Panic in Detroit: Unemployment Stands at 50%

  
  Pak Alert Press — Authority: 598
  AOL’s job site reports the following:Nearly one out of two workers in Detroit are unemployed, according to a report by The Detroit News. It’s a figure far higher than the government’s official figure, which is still close to a staggering 30 percent.But the newspaper says that rate doesn’t take everything into ...
  2 days ago

• Trust the financial investment world! Give me a break.

  
  InvestmentWatch — Authority: 157
  I was taken to the cleaners BIG time by Wall Street and the so-called financial advisors….but NOT this time around. Once bitten - twice shy. I got my clock cleaned badly in the tech boom over 10 years ago so when I saw the latest Wall Street scam linked to mortgages being nutured by “Da Boyz” and watched the ...
  2 days ago

• Market moves and the lunatic fringe

  
  War On You: Breaking Alternative News — Authority: 518
  Source: The Australian MPLODING equities, exploding credit default swaps, soaring gold and slumping oil — if, at any time over the past 18 months, it seemed that markets were in the grip of lunacy, it may be because investors are, technically, lunatics. The market mayhem since the global financial meltdown ...
  2 days ago

• Ratigan: AIG emails should be public (Video)

  
  InvestmentWatch — Authority: 157
  NY Times editorial calls for investigation of AIG e-mails to discover the relationship between AIG and Goldman Sachs, Treasury and the Fed. An investigation could uncover the key to the financial meltdown. How AIG funneled money through Goldman. Eliot Spitzer and Dylan Ratigan discuss on Morning Meeting. Share this ...
  3 days ago

• Nerd News: UK Universities Facing Massive Budget Cuts and Fines

  
  Mad Minerva 2.0 — Authority: 142
  Ouch, baby. Very ouch.
  3 days ago

• Political scientists of the world, unite... in sticking it to economists

  
  Daniel W. Drezner — Authority: 619
  I had way too much fun delivering my latest commentary for Marketplace , on how economists can go suck it have encountered some setbacks this year compared to political scientists: For decades, there was a clear but unspoken pecking order in the social sciences. Economists were royalty, and every other ...
  4 days ago

• John Dugan turned Wall Street into a casino. So why is he Comptroller of the Currency?

  
  Progressive News Daily — Authority: 160
  by Lynn Parramore New Deal 2.0 John Dugan, currently serving as Comptroller of the Currency , hasn’t gotten nearly as much attention as his fellow architects-of-disaster Rubin, Summers, and Greenspan. But Zach Carter’s latest article in The Nation makes it clear that this man deserves a prominent place ...
  4 days ago

• “Body Count From Goldman Actions Crosses Into Criminal Territory”

  
  Progressive News Daily — Authority: 160
  By Thomas Adams, at Paykin Krieg and Adams, LLP, and a former managing director at Ambac and FGIC. cross posted at Naked Capitalism Readers may have noticed Janet Tavakoli’s recent article at Huffington Post on Goldman Sachs and AIG. While much of it covers territory that Yves and I already wrote about ...
  4 days ago

• Obama pledges to help small banks

  
  Progressive News Daily — Authority: 160
  By Jim Puzzanghera The Los Angeles Times (First Mutual Bank near San Francisco) President Obama welcomed the leaders of a dozen small banks to the White House today, saying they largely were not to blame for the financial crisis and promising to help cut federal red tape so they could increase lending to ...
  5 days ago

• Job losses take cheer out of Christmas for South Africans – Mail & Guardian Online

  
  Jobs at home - Legit work — Authority: 450
  Job losses take cheer out of Christmas for South Africans Mail & Guardian Online … Mandela Bay suffered the impact of the global financial meltdown, causing a wave of job losses in the region home to most of the countrys car plants. … et plus encore » View full post ...
  5 days ago

• Just in case anyone doubts who our President’s boss is, read the following article posted in the Huffington Post…

  
  InvestmentWatch — Authority: 157
  Look at the last paragraph in particular…; Way past time Americans did something about the crooks in control of our lives and our childrens future… One excellent way to stop these bums cold is quite simple; tomorrow each and every one of us should walk into our bank and withdraw ever penny from every account…, ...
  1 week ago

• 2010 Food Crisis for Dummies – Are We Ready?

  
  Pak Alert Press — Authority: 598
  There is no precedence for the panic and chaos will occur next year. The global food supply/demand picture has NEVER been so out of balance. The 2010 food crisis will rearrange economic, financial, and political order of the world, and those who aren’t prepared will suffer terrible losses…by Eric deCarbonnel | ...
  1 week ago

• Fiddling While Rome Burns

  
  GM's Place.Com — Authority: 130
  A few notable observations and quotes about our illustrious leadership while America goes the way of the late Roman Empire.Earlier this week, Armstrong and Getty queried on their radio show, why are leftist demonstrators in Copenhagen called “protestors” in the media (MSM), whereas the rather peaceful tea party ...
  1 week ago

• Nerd News: Pittsburgh Proposes Tuition Taxes ... and a Possible Silver Lining

  
  Mad Minerva 2.0 — Authority: 142
  I had ranted about this before , but here is a perspective that needs to be considered . Maybe itll wake some students up! (Kids, its called "being mugged by reality.") Blurb: Many students have been led to believe by their state-loving profs, as well as by many elementary and secondary school educators who ...
  1 week ago

• With Leaders Like These...

  
  Health Fitness & Beauty - health-fitness.marc8.com — Authority: 157
  My current favorite book about the global financial meltdown, aka great recession,  The Sellout , by Charles Gasparino , featured vivid portraits of the bad leadership that lead to the collapse.  For example: Richard S Fuld, Jr , former CEO of Lehman Brothers (now bankrupt) - Fuld had become more isolated ...
  1 week ago

• Why Precious Metals Aren’t in a Bubble

  
  GreenLightAdvisor Views — Authority: 142
  The post below is a guest contribution by Dr Jeffrey Lewis, author of the Hard Money Newsletter Review and Silver-Coin-Investor.com . Critics of precious metals investing have called gold and silver a bubble, further claiming that today’s higher prices will fade as economic conditions improve.  Although gold ...
  1 week ago

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