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29 Nov 08
The End of Wall Street's Boom - National Business News - Print - Portfolio.com
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“ ‘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.’
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27 Nov 08
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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.
19 Nov 08
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."
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ideology trumps common sense, reality and the facts. Greed drives ideologues to blow bubbles. They pop. Crashes happen. The public is collateral damage.
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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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18 Nov 08
Robert J. Samuelson - Robert J. Samuelson: How to Bail Out General Motors - washingtonpost.com
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an initial job loss of 2.5 million.
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American production would virtually stop until new supplier arrangements emerged.
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24 Oct 08
The Impact of the Global Financial Crisis on Healthcare, Part I | MedTouch - More Starbucks, less Star Wars. Healthcare e-marketing advice beyond geekiness
Video:
Review of global financial distress with Part I of an overview of its impact on the healthcare system.
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