Category Credit crisis

Dodged a bullet

The Dow was down 800 today at one point, then rallied to close down about 125. This could be the beginnings of a bottom. That would most definitely be a good thing. The G7 meets this weekend in DC to…

Regulators clamp down on naked longs

From the Economist A cautionary tale from the future This newspaper story has just come to light after falling through a gap in the space-time continuum Sept. 26, 2021 Financial authorities in America and Europe took sweeping powers yesterday to…

Hero: Chicago sheriff suspends evictions

Thomas Dart, sheriff of Cook County, has banned evictions, saying he was outraged at banks evicting renters because the owner was in foreclosure. “These mortgage companies … don’t care who’s in the building,” Dart said Wednesday. “They simply want their…