Bail-out off to a flying start
That something big was necessary became immediately obvious by the market reaction and the string of bank failures, and subsequent rescues..
That something big was necessary became immediately obvious by the market reaction and the string of bank failures, and subsequent rescues..
The bailout plan seems on track, that’s step one. But another, more fundamental question is, will it work? Opinions differ. Not everybody is enthusiastic, or even optimistic…
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We reported on The Paulson plan and an alternative. The essence of both is that they argue that the markets for those complex financial products are unrealistically pessimistic and prices […]
We have nothing against capitalism and free markets, quite the contrary. But we have argued that a dogmatic (and, to be frank, rather blind) attachment to market fundamentalism is at […]
Some people claim that the way we got into this monumental financial mess is an accounting rule, mark-to-market, that forces financial institutions to value things at present market prices, even […]
As so often, the economy is in the hands of politicians who are driven by other motives than the long-term health of the planet, or even the economy… Now, the […]
We have published several articles that lay the blame of the present financial mess essentially at the table of a lack of proper regulation of financial market (see here for […]
Dr. Patrick Byrne, CEO of Overstock has had more than his fair share of naked shorting. But this is not a guy who lays down and takes it, he fights […]
This is an interesting development, because the list of companies that can’t be shorted is expanding into companies outside the financial sector…