Category Credit crisis

David Merkel details why the proposed Treasury bailout plan needs to be opposed. He asks all of us to contact our Congressmembers and tell them to oppose the plan and for bloggers to spread the word. Here’s why: The owners…

Just when I’m ready to do a perky, upbeat post, more financial zombies come shambling through the door. Photo from SFist, who ask, What’s going on here, WaMu? NY Times on Bernanke and Paulson meeting with Congress last night. As…

Some are saying it is no coincidence that a day where pirates (AKA the federal government) have seized control of the financial markets is also Talk Like a Pirate Day. While shorts certainly got it in the shorts today, some…

Barry Ritholz of the Big Picture talking with hedgie Joe Besecker None of the many hedgies he knew were pressing their bets recently. The bear raids on the banks and brokers were NOT a case of piling on by US…

Central banks worldwide are intervening massively in the markets. The Russian stock market has been closed for several days after precipitous declines. China is also propping up their cratering stock market. Britain has banned short selling on some financial stocks,…