If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!It isn’t easy earning trust as an authority figure these days. As consumers angry over the swift collapse of the economy (despite the fact that much of it was our own fault), we lashed out against “the man” at [...]
Zero Hedge - The Ridiculous Marks Of Toxic Assets
Huffington Post - Jeff Zucker Is Wrong — CNBC Deserves the Criticism
Mish’s Global Economic Trend Analysis - Geithner’s Arrogance Knows No Bounds
The Big Picture - Bernanke Bombshell: AIG Insurer Exposed to FP
Deal Journal - Future of Finance: Goldman’s Cohn on Paying Back TARP
Amidst the economic turmoil, plummeting housing prices, and rising unemployment, consumers have lost their trust in an awful lot of things. While we’ve always had a healthy distrust for the workings of corporate America, Washington, and Wall Street, it has been sometime since we’ve seen confidence in “the system” fall to these levels. Bank CEOs [...]
How deaf is Ben Bernanke? With the US savings rate hitting a 14-year-high, the Fed unveils a $200B plan “aimed at boosting the availability of credit to consumers and small businesses.” While I hope this will be of use to businesses in need of it, consumers have already made it clear they’re not interested.
As Morgan [...]
The Big Picture - Attack of the Zombies !
Housing Wire - Record Jump in Non-Agency Jumbo Prime Foreclosure Starts: Report
Mortgage Insider - House expected to pass mortgage ‘cramdown’ bill
Naked Capitalism - AIG Breakup LIkely
Mish’s Global Economic Trend Analysis - Bernanke’s Boiled Frog Plan To Recapitalize Banks
As you’ve seen on the site here at Blown Mortgage and plenty of other places as well across the blogosphere, the public is rather divided as to how much mortgage aid should be allocated and what such aid packages could mean for taxpayers. The rub here is that yes, consumers across the country are suffering. [...]
Housing Doom - Bernanke Doesn’t Get “Love Thy Neighbor”
The Big Picture - The New N Word: Nationalization
Dr. Housing Bubble - Home Prices Need to Fall 50 Percent from Peak Nationwide for a Market Bottom: Case Shiller Data and Predicting the Ultimate Bottom. 5 Charts Showing we are far from a Bottom in Housing.
Today’s Business Press - Bernanke: Another [...]
Calculated Risk - KCET: The Trashout Squad
The Big Picture - Implode-o-Meter Rolls Out Campaign Against “FHA Subprime”
Mortgage Insider - U.S. doesn’t need to seize banks, Fed chief says
Huffington Post - The Hottest Recession-Proof Jobs
Financial Times - Bernanke calms nationalisation fears
by Constantine von HoffmanFebruary 24, 2009
Economy
Public and private officials are desperately trying to find a solution to their most vexing problem: How to describe the economy without saying “depression.” Today, Ben Bernanke weighed in with the scariest mouthful of jargon since W. said, “Heckuva job, Brownie.”
Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy is suffering through a “severe [...]
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