Category Credit crisis

Are they really this clueless? After the housing market collapses in part because of no doc loans, the Fed finally decides they should take action. No little. No late. But they sure moved swiftly to bail out the investment banks…

I have news for Bernanke and the SEC. This won’t work. China had short sale restrictions on and it did not stop the Shanghai index from falling over 50%. Insolvency cannot be cured by short sale restrictions and many of…

Blogged from the Kohala Coffee Mill on The Big Island in Hawaii, where we’re not thinking too much about the crazed financial markets for the next several days.

How come every time a WSJ editorial tells us not to panic, we learn in subsequent hindsight, that Panicking is pretty much exactly what we should be doing? Only the truly cynical would say such rose-glasses editorials would give investment…

Dealbreaker on the supposed $15 billion bailout of Fannie and Freddie It probably goes without saying that you should exercise extreme skepticism about this, especially after Friday’s triple head fake. You remember that, right? First we heard that the government…