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Meltdown

Largest Bankruptcies in History

by MorganJune 14, 2009 Economy

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!GOOD Magazine has a great graphic representation of the biggest bankruptices in history. (click link for bigger size) Check out Lehman bro’s $691 billion BK, more than 7 times the size of GM’s recent bankruptcy. (h/t Boing Boing for [...]

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California 50 days from government meltdown

by MorganJune 11, 2009 Legislation

California has 50 days until the government melts down under the pressure of the $24.3 billion budget gap. That according to the state’s controller, John Chiang. And the problem isn’t getting any better. State revenues were off nearly 18% in May the state was off an additional billion dollars from the current budget. [...]

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Lewis: We’ve arrived at a point of madness

by MorganJune 7, 2009 Bailout

Excellent interview with Michael Lewis who talks about his days at Solomon and how the 1980’s were really the start of this era of greed and malfeasance that led to the economic calamity we’re currently going through.  He goes on with the following insight regarding the players in the game that portends future disaster (h/t [...]

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Afternoon Quickie 04/06/2009

by phillenbrandApril 6, 2009 We're Reading

Huffington Post - The Obama Economic Team’s Flawed Cosmology: Still Believing the Universe Revolves Around the Banks
Whistle Blower - Ameridream and Nehemiah Lobbied to Stop 100% Financing
Mortgage Insider - Irvine loan-aid company targeted in government crackdown
Deal Journal - The History of Mike Mayo Bank Downgrades
The FHA Mortgage Whistle Blower - Ameridream and Nehemiah Lobbied to Stop 100% Financing

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Afternoon Quickie 04/02/2009

by phillenbrandApril 2, 2009 We're Reading

Huffington Post - Greenberg “Stunned” Same AIG Employees Still In Place, Blasts Bonuses
L.A. Land - Zillow: Foreclosures “make the market look worse”?
Realty Trac - Will The Obama Plan Reduce Foreclosures?
Huffington Post - Rep. Alan Grayson Vs. Cavuto: “A Stuck Pig Squeals Loudly”
Mortgage Insider - The bad and some good of Geithner plan
Infectious Greed - Behind Paulson’s 2007 Housing Market Bottom Call: [...]

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Afternoon Quickie 03/11/2009

by phillenbrandMarch 11, 2009 We're Reading

Huffington Post - TARP Oversight Panel Says It’s Been Ignored By Geithner And Paulson
Mortgage Insider - Mortgage giant requests $30.9 billion in aid
Huffington Post - Eric Holder, State And Federal Prosecutors, Preparing For Surge Of Financial Fraud Cases
Calculated Risk - FDIC Collected Few Insurance Fees for a Decade
Huffington Post - How Dumb Does Alan Greenspan Think We Are? Very
ML-Implode - BREAKING [...]

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Afternoon Quickie 03/10/2009

by phillenbrandMarch 10, 2009 We're Reading

Huffington Post - Dow ends up nearly 380 on Citigroup profit news
Calculated Risk - FDIC’s Bair on “aggregator bank”
Huffington Post - Madoff To Plead Guilty To 11 Counts, Could Mean 150 Years In Prison
Mortgage Insider - Bill proposes consumer watchdog for financial products

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Morning Quickie 03/04/2009

by phillenbrandMarch 4, 2009 We're Reading

The Big Picture - Solvent Insurer / Insolvent Insurer
WowOWow - The MBAs of the Meltdown – Where Did Those Bankers Go to Business School?
WSJ Developments - More Americans Drowning in Mortgage Debt
Dr. Housing Bubble - Banks save while U.S. Consumers are Expected to Spend: The Convoluted Problem of Creating a Debt based Consumption System.
Naked Capitalism - Former Countrywide Officers [...]

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Morning Quickie 02/23/2009

by phillenbrandFebruary 23, 2009 We're Reading

Huffington Post - Citigroup Nationalization: Talks Of 40% Gov Stake Causes Stock Rally
The Big Picture - Why Bankruptcy For Autos But Not Banks?
Money And Markets - Red Alert: Major Meltdown Imminent! Your Escape
Today’s Business Press - No Sleep for Citi
Calculated Risk - More on the Possible Nationalization of Some Banks

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