2008: Economic Misery
A look back at the financial crisis 2008 has been a historic year for the economy and the country. We look back at the financial...
Packaging Debt for Sale
Wall Street devised exotic securities to earn fees from the debt boom > Source: Riding the Crest The Crash: What Went Wrong?...
Revenge of the Black Swan
“The models suggested that the risk was so remote that the fees were almost free money. Just put it on your books and enjoy the...
Low Mortgage Rates to Spur New Wave of Defaults
Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and...
AIG’s Financial Products Division
I’m fascinated by this huge article in the Washington Post called The Beautiful Machine. Its about AIG’s Financial Products...
Rogers “Prepared For The Worst”
Analysis by Jim Rogers, Chairman of Rogers Holdings December 29, 2008
For Sale: 5 BR Detroit Manse, $8995
Here’s an update on the Detroit Housing situation: -226 homes for sale at $1,000 or under; -21 homes for sale at $1,00 or under; -4...
Alan Greenspan, Patron Saint of “Pool skatin'”
Here’s your quote of the day: “On the Web site skateandannoy.com, where skaters trade tips about how to find and drain...
Reverse Brain Drain
Chinese financial institutions, in a reverse brain drain, are looking to recruit from the ranks of recently laid-off finance sector...
Revisiting Expectations for 2008: WallStrip 12-7-07
As a follow up to the Bad Forecasts for 2008, a reader sent this in — I had pretty much forgotten what I said. Its not too shabby....