Clik here to view.
Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen Mihm
I just finished reading: Crisis Economics – A Crash Course in the Future of Finance, by Nouriel Roubini & Stephen Mihm. It was really good… great even. In January of 2009, in the final days of...
View ArticleClik here to view.
NY TIMES- HOW THE BANKS SUNK THE ECONOMY
The text below could have been lifted directly off my page–or that of any one of the handful of advocates, attorneys or bloggers out there that have been warning about the problems in the foreclosure...
View ArticleClik here to view.
Ice, Ice Baby – Iceland’s people give cold shoulder to paying for acts of...
Note to the reader… Just in case you’re not all that interested in Iceland, I would encourage you to remember that it’s me writing this, and therefore it might not be entirely about Iceland. Just a...
View ArticleClik here to view.
Dominique Strauss-Kahn tangled up in hooker orgy investigation
Creepy. Today is Mardi Gras and, if I’m going to give up sordid gossip for Lent, then I’d better post this story now. Clearly, DSK has issues: Dominique Strauss-Kahn, the former head of the...
View ArticleClik here to view.
Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works
The International Monetary Fund (“IMF”), in its latest World Economic Outlook, stated quite clearly that mortgage write-downs, among other forms of debt forgiveness, can deliver significant economic...
View ArticleClik here to view.
Lovely: Spain now looking for a $125 billion bailout
Another one bites the dust. Friday, the International Monetary Fund informed the world that, in their estimation, Spain is in need of a bailout of ’round about $50 billion to rescue their banking...
View ArticleClik here to view.
Some Advice from the IMF: Cramdown Mortgages in Bankruptcy
The International Monetary Fund has focused its critical gaze on us. Just in time for the holiday marking the end of our colonial period, the IMF has completed its "Mission to the United States of...
View ArticleIMF | Stop the Foreclosures! Principal Reductions Now!
IMF: Principal Reductions Now! The International Monetary Fund has explicitly called for principal reductions for underwater borrowers to deleverage individual balance sheets and jumpstart a soft...
View ArticleClik here to view.
Three Central Banks Surprise… Desperation in Three Part Harmony
Yesterday, the New York Times reported that in a single hour three central banks… one in Europe… one in the UK, and one in China all unexpectedly announced policy changes. China’s central bank cut...
View Article