24 days ago
Linkorama : Talking Business - So When Will Banks Give Loans? - Indeed, Mr. Landler’s story noted that Treasury would even funnel some of the bailout money to help banks buy other banks. And, in an almost unnoticed move, it recently put in place a new tax break, worth billions to the banking industry, that has only
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Linkorama : Economic View - But Have We Learned Enough? - Let me be clear: Like Mr. Blanchard at the I.M.F., I am not predicting another Great Depression. We have indeed learned a lot over the last 80 years. But you should take that economic forecast, like all others, with more than a single grain of salt.
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Linkorama : The Great Crash of China - A combination of capital misallocation, non-performing loans, an over-rapid forced transition to high value-added manufacturing, a post Olympics malaise, a collapse in the domestic stock market, and a recession in its main export markets mean that China i
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Linkorama : The United States is now, in some very general sense, bankrupt - The US is Bankrupt. The problem isn't liquidity, but solvency. Compulsary mark down all mortgage value by 20-30%. Bold!
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Linkorama : What if we just declare Jubilee - Even bolder, from Mitch Ratcliffe
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Linkorama : Fabrice explains who's really behind the financial meltdown... - The judgment is in: we are all guilty! The penalty: Increased taxes and slower economic growth for many years as we return to a sustainable economic environment.
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Linkorama : A Power That May Not Stay So Super - “The political system does not deal well with gradual, long-term problems,” Peter Orszag, the director of the Congressional Budget Office, said. “It deals with crises, often imperfectly, but it does deal with them. The current experience makes the c
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1 month ago
Linkorama : World on the edge | The Economist - Central banks have co-ordinated their liquidity operations. Now that oil prices have plunged and worries about inflation are receding, interest-rate cuts are possible. They would be more powerful if co-ordinated. But it is not only central banks that need
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2 month ago
Linkorama : The Beltway Crash - The Washington elite have failed, completely failed in the eyes of the average American and that’s reflected in across the board polls that show 3 in 4 people surveyed disapprove of the job Congress is doing, worse than the President and that’s a pret
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2 month ago
deusx : Let Risk-Taking Financial Institutions Fail - TIME - "Rather than bailing out Wall Street, we propose that the government should buy up the actual mortgages in question and do nothing else. The government should not touch any derivatives; that is, claims that do not directly tie into the actual mortgag
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2 month ago
nelson : Barney Frank pwns - Probably not good to add fuel to the fire right now, but damn he's funny
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2 month ago
deusx : McCain takes credit for bill before it loses - Politico.com Print View - "After the vote, commentators were harsh. MSNBC’s Chris Matthews said: “He’s like a cavalry commander who said ‘Charge!’ and the Republicans went into retreat.”"
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2 month ago
Linkorama : naked capitalism: Mussolini-Style Corporatism in Action: - Treasury Conference Call on Bailout Bill to Investors (Updated)
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2 month ago
Linkorama : Top 10 Articles About the Financial Crisis - Of the many articles I’ve read about the financial crisis, the following ten have been the most informative. Read them all, and I think you will have a very solid understanding of what is going on.
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2 month ago
Linkorama : Gabe Wachob: My Tweet-Summary of the "Bailout Bill"
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2 month ago
Linkorama : How McCain Stirred a Simmering Pot - "I appreciate what you've done here, but I'm not going to sign on to a deal just to sign the deal," McCain told the gathering, according to Graham and confirmed by multiple Senate GOP aides. "Just like Iraq, I'm not afraid to
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2 month ago
Linkorama : House clears $25bn for carmakers - The House of Representatives on Wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers and their suppliers finance plant modernisation at a time of restricted access to public capital markets.
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2 month ago
deusx : Bad News For The Bailout - Forbes.com - "In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy. "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just
cobra libre : Bad News for the Bailout - On the $700 billion: "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number." [via] #
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