2008 financial meltdown
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dKosopedia: no equivalent page as of 2009-05-24 - SourceWatch: see Financial Crisis 2008 Timeline, Summary of Origins of Financial Crisis 2008
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- 2010-04-09 :more:talk: The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going § “When the crash came, nearly all of these securities became worthless, a loss of an estimated $40 billion paid by investors, the investment banks who helped bring them into the world, and, eventually, American taxpayers. .. Yet the hedge fund, named Magnetar for the super-magnetic field created by the last moments of a dying star, earned outsized returns in the year the financial crisis began.” more...
- 2009-10-17 :more:talk: Goldman Can Spare You a Dime § “...most Americans know all too well that only the intervention of billions of dollars in taxpayer bailout money saved Goldman from the dire fate of its less well-connected competitors. The growing ranks of under-and-unemployed Americans, meanwhile, are waiting with increasing desperation for a recovery of their own.” more...
- 2009-07-19 :more:talk: Too Big To Think About § “I don't think I was alone in finding it shockingly arrogant for Goldman Sachs to announce their insane bonuses last week. Trumpeting such a thing in the midst of this horrific economy is beyond poor taste.” more...
- 2009-06-26 :more:talk: Did Clinton cause the banking crisis? § “We had weakly regulated markets when Clinton took office, but by the time he left, they were an invitation to lawless dealing.” more...
- 2009-03-05 :more:talk: Wall Street's Best Investment § “Financial deregulatory mania over the last three decades led directly to the current financial meltdown. Were the deregulators acting out of principle? Perhaps. ut it couldn't have hurt that the financial sector invested a staggering $5.1 billion in political influence purchasing in the United States over the last decade.” more...
- 2009-02-25 :more:talk: Japan exports drop 46% in January § “Japan's exports plunged 45.7% in January compared with a year ago to hit the lowest figure in 10 years, official figures have shown.” more...
- 2009-01-07 :more:talk: President Bush Tried to Rein In Fan and Fred § Karl Rove writes: “Fannie Mae and Freddie Mac were among the principal culprits of the housing crisis, and Mr. Bush wanted to rein them in before things got out of hand.” more...
- 2008-12-22 :more:talk: Madoff as Metaphor § “The puzzle is to explain the "cluster of errors" that appears at the beginning of a recession. How could so many have been so wrong about so much at the same time? The business cycle is a system-wide failure, not merely the mistaken judgment of a few.” more...
- 2008-10-26 :more:talk: The Bet That Blew Up Wall Street § “...credit derivatives ... are essentially side bets ... a form of legalized gambling... It would have been illegal during most of the 20th century under the gaming laws, but in 2000, Congress gave Wall Street an exemption and it has turned out to be a very bad idea.” more...
- 2008-10-03 :more:talk: How Government Stoked the Mania § “Housing prices would never have risen so high without multiple Washington mistakes.” more...
- 2008-03-17 :more:talk: Leading Economic Writer: Financial Meltdown A "Gigantic Fraud" § “A leading economic journalist has described the current financial crisis as a "gigantic fraud", the fallout of a deliberate and preconceived profit agenda to enslave the middle classes in a deb more...
- 2007-12-23 :more:talk: Crisis may make 1929 look a 'walk in the park' § “As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues things are rapidly spiralling out of their control” more...
- 1999-09-30 :more:talk: Fannie Mae Eases Credit To Aid Mortgage Lending § “Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.” more...
