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55A Message to Wall Street
Adding insult to injury is one thing, but continuing to run your ridiculously insulting television commercials with their false slogans is both arrogant and abusive! Morgan Stanley - "World Wise" ...
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68Credit Default Swaps explained
A simple description of what Credit Defaults are, and why they matter
3 comments64We have to take the money out of politics
There are so many problems "We The People" are having with our American Government that it's impossible to know where to start. But before anything can be changed something needs to be heard and addressed:...
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69The Other Side of SubPrime Loans
A wise man by the name Warren Buffet had once remarked “Derivative products are financial weapons of mass destruction”. He was spot on but the so called finance wizards paid no attention to his wisdom. ...
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55The Credit Market Meltdown and Mainstreet
" Imagine the worst thing that can go wrong...then multiply it by 100!" -unknown If I thought hard enough I could remember the name of the individual who gave me that risk-management strategy years ago. I...
0 comments53How Close Were We to A Global Financial Market Collapse
How Close Were We To a Global Financial Collapse? On the morning of September 16, 2008, the world financial markets were within a whisker of a collapse of epic proportions in which hundreds...
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70Crook Alert!! AIG Paying $165 Million Bonuses and $52 Billion to Counterparties with Taxpayers' Money
Resignation Letter from AIG VP Jake Desantis Mr. Desantis resigned from AIG and will donate his the after-tax proceeds of his retention payment to charity. He is bitter toward CEO Edward Liddy for his failure...
6 comments56Me & My RTC: Lessons from the Land of Default
So the $850 billion bailout and tax breaks and other unfunded programs have been approved by Congress. Now that I am over my angst, rage and disbelief that our Congress approved a bailout with no rules and...
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87The Fascist Government Will Continue to Screw the Middle Class
Update: Much of what I have written below has come true. America is now deep into debt to the banks, and a few privileged banks are gambling at the casino of swaps and bets like no meltdown occurred. But as...
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66Who is to blame for the United States of America's financial collapse in 2008?
2008 is ending. And it cannot end any sooner to the (perceived) relief of many Americans. The United States of America, still dubbed and, perhaps, appropriately so as the richest country in the world, is in...
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