tlc

Banking's Ins and Outs: $188 Billion from Bailout, $1.6 Billion to Execs

To be fair, Goldman, JP Morgan and maybe few others did not ask for bail out money. They were forced to take the money so those who did would be stigmatized.

Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom

But how do you prepare for the worst? With all the dire predictions, I don't hear much from the experts about what an average investor like me can me can do to deal with the incoming crisis? Hoard gold, cash, foreign currency, dollars, prayer...?

Why Merrill's CDO Sale Doesn't Mean Big Writeoffs Elsewhere

I was surprised that a super-seniors CDO sold for 22 cents on a dollar. I assume at worst, housing prices in the most affected areas would drop about 50% from the height, so I'm still puzzled on the significant markdown. If it were a lower tranche then I could understand.