Posts tagged as:

Wall Street bailout

Citigroup Never Saw It Coming?

November 23, 2008

If BS were poetry we would all be millionaires. That’s what my aunt would say.
In September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being.
There, Citigroup’s chief executive,

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The Economic Crisis… Now

October 27, 2008

I listened to Henry Paulson a few nights ago on the Charlie Rose show. If one thing is certain, I don’t know Jack about economics. There was little that Paulson said that seemed to lend itself to Main Street today. Oh, I do understand that Paulson believes the economy was saved from [...]

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International Swaps and Derivatives Association, Inc.

October 7, 2008

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For a closer look at this non-regulated organization, please visit the International Swaps and Derivatives Association, Inc. website.
Most of us never thought that the words “SWAPS” and “DERIVATIVES” could contain so much greed, fraud, and downright evil. But, in the context of finance those two words are the root cause of [...]

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