• EconMatters
    11/24/2015 - 14:25
    Focus on policies promoting economic growth, lower taxes, and spending tax receipts more efficiently and not on one`s sexual orientation in the bedroom.

Ratings Agencies

Tyler Durden's picture

"Liar Loans" Are Back! 2008 Here We Come

Liar loans are back from the dead which means that if you look under the hood, you might just have a shoddy credit or two hiding in the collateral pool of your triple-A mortgage-backed paper. Meanwhile, in a further sign that we've learned nothing since the crisis, non-Agency RMBS is set to stage a comeback.

Reggie Middleton's picture

A Forensic View of a Wall Street Bank Balance Sheet Shows How Much Risk Rests In Its "Assets"

After forensically analyzing Morgan Stanley's balance sheet (which is very much like the rest of Wall Street's balance sheet) I can draw direct parallels to that of Lehman and Bear Stearns in 2007. It's a party!

Tyler Durden's picture

Government Gives Away Billions In Grants To Students Who Never Graduate

Want further evidence of the misappropriation of taxpayer funds to post-secondary education? Look no further than the Pell grant program.

Tyler Durden's picture

The Federal Reserve Is Not Your Friend

Imagine that the Food and Drug Administration (FDA) was a corporation, with its shares owned by the nation's major pharmaceutical companies. How would you feel about the regulation of medications?  Whose interests would this corporation be serving? Or suppose that major oil companies appointed a small committee to periodically announce the price of a barrel of crude in the United States. How would that impact you at the gasoline pump? Such hypotheticals would strike the majority of Americans as completely absurd, but it's exactly how our banking system operates.

Tyler Durden's picture

The Shocking 2008 AIG Report On "Empire Europe" And The Death Of Greece

"What Europe Wants" - to use global issues as excuses to extend its power:

  • environmental issues: increase control over member countries; advance idea of global governance
  • terrorism: use excuse for greater control over police and judicial issues; increase extent of surveillance
  • global financial crisis: kill two birds (free market; Anglo-Saxon economies) with one stone (Europe-wide regulator; attempts at global financial governance)
  • EMU: create a crisis to force introduction of “European economic government”
Tyler Durden's picture

Who Is Stoking The Trillion Dollar Student Debt Bubble?

The fox is guarding the henhouse at America's colleges and universities as accreditors slap a seal of approval on schools with subpar graduation rates, clearing the way for government aid to flow where it shoudln't and further imperiling the US taxpayer in the process.

Reggie Middleton's picture

The Question Is Not Is Deutsche Bank the Next Lehman, It's "Is Lehman the Face of Banking in the Future

Is Deustche Bank the next Lehman is likely the wrong question to be asking. Is Lehman the template for European banking may be more to the point. Take it from the guy that called the Lehman debacle 5 months before the fact.

Tyler Durden's picture

Make College Free By Taxing Stock Trades, Dem Presidential Candidate Says

"Democratic presidential candidate Bernie Sanders wants to take from the rich in order to make public college tuition-free for everyone else. On Tuesday, the Vermont senator will hold a press conference in the nation's capital at which he will introduce a plan to use a so-called Robin Hood tax on stock transactions to fund tuition at four-year public colleges and universities," Bloomberg reports.

Tyler Durden's picture

Texas College Teacher Fails Entire Class After Being Told To "Chill Out"

Texas A&M Professor Irwin Horwitz was fed up with what he perceived to be disrespect and general incompetence on the part of his strategic management class so he did what many a college professor across the country has at one time or another dreamed of doing: he failed everyone.

Tyler Durden's picture

Student Debt Accounts For Nearly Half Of US Government "Assets"

"The gap would be made up with future tax hikes and/or cuts in spending. Those future taxes would be paid by successful millennials and their descendants, letting unsuccessful millennials off the hook," Bloomberg notes, bemoaning the likely "solution" to America's trillion dollar student debt bubble.

Tyler Durden's picture

Is The Student Debt Bubble About To Witness Its 2007 Moment?

Moody's puts $3 billion in student debt-backed ABS on default watch leading us to wonder when 30% delinquency rates in a market where nearly $1.3 trillion in credit has been extended will finally result in the bursting of what is America's most spectacular debt bubble.

testosteronepit's picture

Fed’s Dudley Warns about Wave of Municipal Bankruptcies

At the New York Fed’s evocatively named workshop, “Chapter 9 and Alternatives for Distressed Municipalities and States.”

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