Posts Tagged ‘Wall Street’
Wall Street Hoped They’d Be “Wealthy And Retired” Before The House of Cards Fell
Wall Street Hoped They’d Be “Wealthy And Retired” Before The House of Cards Fell | Consumerist
Wall Street panhandlers
Don’t Talk to Him, Honey, He’s a CEO! | Neatorama (via Consumerist)
U.S. bank failures almost certain to rise in next year
U.S. bank failures almost certain to rise in next year | CNN
This American Life explains the financial crisis & the bailout
This American Life has done two excellent shows to help ordinary folks like you and me understand the morass that is the U.S. economy.
A few months ago, in The Giant Pool of Money, Ira Glass and his crew explained the link between the housing crisis, the turmoil on Wall Street, subprime lending, and more. Follow [...]
America needs smart, limited, enforceable regulations
With all the campaign rhetoric flying around as Congress scrambles to rescue its biggest campaign contributors, it is easy to lose focus on the underlying problem: how did we reach a point where Wall Street fat cats determine the stability of our country and the economic prosperity of regular Americans?
When the stability of Wall Street [...]
Bailout bill fails; Dow plunges
Bailout bill fails; Dow plunges | CNN
Wall Street’s losses
Screencap of the New York Times’s excellent infographic. The real thing includes a ton of information when you mouse over the squares.
A Year of Heavy Losses | New York Times (via BoingBoing)
Commentary: How to prevent the next Wall Street crisis
My favorite: 5. We need better consumer protection laws, including laws that prevent predatory lending.” Commentary: How to prevent the next Wall Street crisis | CNN
Wall Street’s meltdown: deregulation and lack of consumer protection
The StarTribune has a commentary on the current turmoil in the financial markets. While the latter half of the commentary turns into an endorsement of Obama,* the first part identifies the cause clearly and concisely: “The banking and investment industries have been inadequately regulated, and consumer protections were diminished.”
All the fancy highly sophisticated financial products [...]
Securitization (or, why you can’t work out a lower mortgage payment)
“Securitization” is a hot word in money circles, but I don’t think many people outside of Wall Street know what securitization is or what it means. The Wikipedia entry on securitization is very good, but a bit technical. I think I can boil it down a bit more.
Any asset can be securitized. One asset we [...]
Will Wall Street come clean?
Where has the Fed been? This is a good example of why federal preemption of banking regulation or any regulation is such a bad idea.
We have a national problem causing havoc across America and we have to wait for Attorney General Andrew M. Cuomo of New York subpoenaed major Wall Street firms including Merrill Lynch, [...]
