Archive - Oct 25, 2011 - Blog entry
HeY...HaVe You CHeCKeD OuT LaRRY'S UPDaTeD LINKED-IN PRoFiLe?
Submitted by williambanzai7 on 10/25/2011 13:22 -0500If you know what's good for you, you will pour your coffee into the sink before you look at this.
Phil Davis on BNN
Submitted by ilene on 10/25/2011 12:55 -0500Phil is interviewed on the Business News Network.
Guess Who’s Even More Leveraged Than the European Banks?
Submitted by Phoenix Capital Research on 10/25/2011 11:21 -0500The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s banking system (more on this in a moment), these levels still mean that an 8% drop in asset values wipes out ALL equity. Then you have Europe’s banking system, which is leveraged at 26-to-1. Anecdotally, this is borderline Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset prices wipes out ALL equity.
Is Larry Summers an Economic War Criminal?
Submitted by rcwhalen on 10/25/2011 10:09 -0500Where does Larry Summers get off giving Americans advice on how to fix the continuing housing crisis? And where does this political opportunist find the unmitigated gall to instruct us not to “finger point” and thereby identify culprits in Washington who helped enable the housing mess?
The Street's Most Intellectually Aggressive Analysis: I've Found What Bank of America Hid In Your Bank Account!
Submitted by Reggie Middleton on 10/25/2011 09:07 -0500I can honestly say that this is probably the hardest hitting (literally) expose on Bank of America Lynch[ing this] CountryWide you will ever come across. Here we illustrate exactly what BofA snuck into America
s savings accounts. It ain't just CDS and it ain't pretty!
On the (not so) Mega ReFi
Submitted by Bruce Krasting on 10/25/2011 07:31 -0500Thoughts on the ReFI.
Winners And Losers: The New Economy
Submitted by Econophile on 10/25/2011 00:42 -0500The economy has become and will continue to be more volatile and less robust for the foreseeable future as wealth is concentrated in the wealthiest segment of the country. This concentration is a direct result of the Fed's boom and bust monetary policy that steers capital into the financial markets instead into more productive uses. We are running on fumes as the top tier gambles. Instead of wealth being distributed widely throughout the economy as capitalism has done historically, we are now becoming an economy of winners and losers.
The Coming New Recession: A Game Plan
Submitted by Econophile on 10/25/2011 00:12 -0500We are far enough away from the onset of the Great Recession that another down-wave in the depression (or a new recession if you go by NBER) is either here or due soon. It may not be a severe downturn, as housing and autos would be falling from first- or second-floor windows in that case, but it would be occurring on the backdrop of a weakened structure, and thus the financial effects could be more severe than the economic effects (which could be severe or mild). Here is what you need to do.
“Obama to Bypass Congress on Mortgages” … But “New Obama Foreclosure Plan Helps Banks At Taxpayers’ Expense”
Submitted by George Washington on 10/25/2011 00:02 -0500Obama Bypasses Congress … to Enact Program Which Helps Banks at Taxpayers’ Expense
