hojo0710

Bust, Bail, Repeat: The U.S. Enters into an Ever-Worsening Cycle

The actions being taken in Washington appear more and more panic-stricken, restrained only by the need to protect the interests of those who got us into this mess.

Municipal Meltdown and Counterparty Conniptions

The article puts forth some pretty specific predictions, which, it seems to me, are based on a sound reading of current economic conditions. Ultimately they will be judged on their accuracy, naysayers notwithstanding.

Big Banks: Too Big To Fail, Too Big To Bail

I would like to buy insurance that, if I went to Las Vegas, would cover my losses and allow me to keep my gains. Isn't that what Wall Street expects, and the Fed has granted, in the current financial mess? If Bear Stearns was a weak sister, it was also a pariah, and its loss is JP Morgan's bonanza. But what else is lurking behind the veil, and who else is scurrying to patch the levee, probably in vain, before the deluge? We shall see.