Month September 2011

Solyndra executives getting slammed in hearing

Live on C-Span. Solyndra executives plead to fifth, refuse to testify. this is their right but obviously looks terrible. A $75 million loan was made senior to a federal loan. This is not only appalling but some congressmen think this…

Eurozone financial crisis

It’s getting grim out there. PIMCO CEO Mohamed El-Erian says many institutions have “sharply reduced short-term lending to French banks” and we could be seeing “an institutional run on French banks.” Further, there are two connected problems, sovereign debt and…