Tag Archives: finance

Big Banks Got Played

A Daring Trade Has Wall Street Seething from the Wall Street Journal. Amherst, a small Austin firm found a small loophole in the system. To use a crude metaphor, they sold the big banks hurrican insurance and then made sure … Continue reading

Posted in Chris' Page, Investing | Tagged , , , , | Leave a comment

A Solution to the Financial Crisis? Sharia!

Italian economist Loretta Napoleoni (of Rogue Economics fame), blames the lingering financial crisis in part on the American War on Terrorism, which inaugurated an allegedly “suspicious attitude…toward Muslim investors.” She goes further though, and argues that the only solution to … Continue reading

Posted in Economics | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Peter Schiff’s Payback

The insufferable Peter Schiff has a video going around, which frankly, is just brilliant. He may be unpleasant at times, but he nailed this thing, and took mounds of abuse while doing so. More importantly, I KNOW HOW HE FEELS! … Continue reading

Posted in Economics, Investing, Lance's Page | Tagged , , , , , , | 3 Comments

My favorite proposal for helping financial institutions

I do believe we should be doing something as a nation, through our government, to avoid the not insignificant chance of a total financial meltdown. I have seen several things proposed that I find interesting, and I will get into … Continue reading

Posted in Domestic Politics, Economics, Lance's Page | Tagged , , , , , , , , , , | Leave a comment

Glass-Steagall : RIP

Continuing the discussion on tonight’s podcast, one of the recurring themes of much of the commentary on our current financial crisis is that the cause is too much deregulation. Possibly there is some truth to this, though the evidence is … Continue reading

Posted in Domestic Politics, Economics, Lance's Page, Law, regulation | Tagged , , , , , , , , , , , , , , , , , | 2 Comments

Uprecedented Financial Turmoil

Today the Fed went to the Treasury and asked for a line of credit. You know, the lender of last resort has had to turn to our Treasury to protect their balance sheet. Want to see something weird. Go here … Continue reading

Posted in Economics, Investing, Lance's Page | Tagged , , , , , , | Leave a comment

Fannie and Freddie Taken Over

Redstate A good description of what just happened to Fannie Mae and Freddie Mac and some reasons why. This made me laugh. “If we were in China, they’d probably have “committed suicide” with bullets inexplicably entering the backs of their … Continue reading

Posted in Around the Web, Economics, MikeR's Page | Tagged , , , , , , , , , , , | 2 Comments

Anders Aslund on the Russian Economy

After forcefully savaging the Russian invasion of Georgia, controversial Swedish economist Anders Aslund lays out ten reasons he expects an impending economic collapse in Russia. Each point is sound, although some are more problematic than others. Particularly cogent are the … Continue reading

Posted in Economics, Foreign affairs | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Sarah Nouveau Riche

She raised less than $500k for the Alaska governor’s race in 2006. But as McCain’s running mate, Palin’s inaugurated a seven million dollar surge in donations to the McCain campaign. Given the excitement (near ecstasy, really) on the political right … Continue reading

Posted in Around the Web | Tagged , , , , , , , , , | Leave a comment