Phil Baumann's Library tagged Economy → View Popular, Search in Google

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hedge_fund CDS bailout wall_street depression economy

“ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
“ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
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- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’

Nov

2008

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bailout GM economy wall_street federal_reserve

Our standard of living must decline to reflect years of reckless consumption and the disintegration of our industrial base. Only by swallowing this tough medicine now will our sick economy ever recover.

Nov

2008

We'll be in Great Depression 2 by 2011 -- here are 30 reasons why - MarketWatch

Included: $60 Trillion in unfunded liabilities for Social Security & Medicare.

Also: former Goldman Sachs chariman John Whitehead: "...I wonder if tomorrow is the day Moody's and S&P will annonce a downgrade of US government bonds."

www.marketwatch.com/...story.aspx

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marketwatch Great Depression Economy

ideology trumps common sense, reality and the facts. Greed drives ideologues to blow bubbles. They pop. Crashes happen. The public is collateral damage.
Henry Paulson was at Camp David warning the president and his staff of "over-the-counter derivatives as an example of financial innovation that could, under certain circumstances, blow up in Wall Street's face and affect the whole economy."
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- Treasury sneaks corporate tax credits into bailout giveaway, shifts costs to states
- State, municipal, corporate pensions lost hundreds of billions on derivative swaps
- Consumer debt way up, now at $2.5 trillion; next area for credit meltdowns
- Fed also plans to provide billions to $3.6 trillion money-market fund industry
- Social Security, Medicare with $60 trillion in unfunded liabilities
- John Whitehead

Nov

2008

Robert J. Samuelson - Robert J. Samuelson: How to Bail Out General Motors - washingtonpost.com

www.washingtonpost.com/...AR2008111601734.html

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GM Bailout Economy

an initial job loss of 2.5 million.
American production would virtually stop until new supplier arrangements emerged.
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- GM already has $48 billion of debt.