Category Credit crisis

Apocalyptic forebodings (or maybe a tinfoil hat alert) from Jim Cramer at TheStreet.com It almost feels like financial terrorism. It feels like we are in a moment where there are institutions that are willing the destruction of our banks, institutions…

Proof positive that the anti-regulatory policies of the Bush Administration directly led to the current financial crisis. The SEC gave a special exemption in 2004 to five firms permitting them to exceed a debt-to-net capital ratio of 12-to-1 and leverage…

It’s “the end of American capitalism as we knew it“, says a British economist, arguing that since it is the state that ultimately guarantees banks, that the state should therefore control them. If so, then why not keep these activities…

100 hedge funds accounts frozen They were using Lehman as their primary broker. Now the accounts have been frozen as administrators sort out the wreckage. Money market fund breaks the buck The Reserve Primary Fund money market fund was forced…

Will the taxpayers be on the hook for all of the money? Actually, I think the assets of AIG are actually going to be able to cover most of the bets made, as they are darned good and can be…