"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Los Angeles MTA, San Franscisco BART and Muni, D.C. Metro, and 26 other large municipal transport agencies are facing massive financial problems because they all got real clever and did lease-back deals with AIG, selling them their assets, then leasing…
The Independent: Which country will slither down the slippery slope next? The Guardian concurs. ‘Are there more Icelands out there?’ asks Christensen. ‘Yes, quite a few, it’s worrying.’ Some of the wobbliest countries include the Baltics, Hungary, Ukraine, Bulgaria, Argentina,…
The Russia stock market is down 71% from its peak in May. The size of their bubble as well as their corruption, makes ours look small by comparison. Oligarchs who borrowed huge from western banks using stock as collateral are…
Global markets in ‘black swan’ event. The Bloomberg Financial Conditions Index is now at nine standard deviations from the norm. “It’s way off the scale, a one-in-billions chance,” said Marriott, a fellow of the Royal Statistical Society. “This is absolutely…
How Barclays might tackle the credit crunch (Mirror UK) From Mirror UK and Calculated Risk (especially in the comments), gallows humor on the financial crisis. Q: What the difference between today’s investment bankers and pigeons? A: Pigeons can still make…