Mr. Quinn - I always enjoy your writing. I have great hope that the 60 minutes special on "credit default swaps" and the talk of the Chicago Mercantile Exchange stepping in to broker these "shadow insurance" exchanges, will help to clean up some of the mess.
Everyone looks at housing but we have had housing booms and busts before. The CDO - CDS situation is holding us back - trust? - what trust.
This matter must be cleaned up and regulations put in place if we hope to proceed as a nation.
Our advantage? In America, we talk about our problems. The 60 minutes special got the word out. Now the public outcry needs to swell. Maybe something can be done yet.
Moving the Deck Chairs on the Economic Titanic [View article]
Are you serious?
These "smart people" - the fscal conservatives have been there all along. Scuttled at every turn by their own boss - BUSH. He never met a spending bill he didn't like.
And - the icing on the cake - the lead on this was Barney Frank. What a slap in the face. The very man who stopped every effort made to rein in Frannie Mae and Freddie Mac. What a joke
Entering the Endgame for Monetary Policy [View article]
Thank you SWRichmond -I knew many blam fractional reserve banking for the mess but I never understood the impact until considering the 35-1-ratio on the unwinding. I guess I needed to actually see the figures to "get" it.
Read Roubini's article in the New York Times today. The first thing America must do is admit we have a problem. Americans could pull together, sacrifice, and move forward - but not without knowlege that this huge problem exists. There are many level-headed people living in this country but they are terribly ill-informed.
Hopefully, the I.O.U.S.A. movie will be a success. First you admit you have a problem - and then you can go about the business of trying to solve it.
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Latest | Highest ratedOur Coming Depression [View article]
Everyone looks at housing but we have had housing booms and busts before. The CDO - CDS situation is holding us back - trust? - what trust.
This matter must be cleaned up and regulations put in place if we hope to proceed as a nation.
Our advantage? In America, we talk about our problems. The 60 minutes special got the word out. Now the public outcry needs to swell. Maybe something can be done yet.
Moving the Deck Chairs on the Economic Titanic [View article]
These "smart people" - the fscal conservatives have been there all along. Scuttled at every turn by their own boss - BUSH. He never met a spending bill he didn't like.
And - the icing on the cake - the lead on this was Barney Frank. What a slap in the face. The very man who stopped every effort made to rein in Frannie Mae and Freddie Mac. What a joke
Of course they voted no.
3 Things America Needs to Do to Get the Economy Back on Track [View article]
Entering the Endgame for Monetary Policy [View article]
write downs - 530B equity los 1.9T
$800 Billion for RTC 2.0 - Then What? [View article]
Has Jim Cramer Crossed the Line with Sirius XM? [View article]
I remember the hype when TIVO came out. I do not have TIVO, but I have the technology (Direct TV box.)
The Great Consumer Crash of 2009 [View article]
Hopefully, the I.O.U.S.A. movie will be a success. First you admit you have a problem - and then you can go about the business of trying to solve it.