How Washington Abetted the Bank Job
The collapse of Enron back in 2001 revealed that the biggest financial institutions, here and abroad, were busy creating products whose sole purpose was to help companies magically transform their debt into capital or revenue.
https://www.nytimes.com/2010/04/04/opinion/04koniak.html?emc=eta1
National debt seen heading for crisis level
With ferocious speed, the financial crisis, recession and efforts to combat the recession have swung the U.S. debt from worrisome to ruinous, promising to handcuff the administration.
https://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/04/MNI21COVR1.DTL
Foreclosures' coming wave: Commercial properties
As home foreclosures continue to mount throughout Central Florida, code-enforcement officers say apartments, condominiums and other commercial buildings are being abandoned by their owners and repossessed by banks in growing numbers.
https://snipurl.com/va0ck
Sovereign debt crisis at 'boiling point', warns Bank for International Settlements
Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis at the heart of the global economy.
https://snipurl.com/vew1a
From Information Clearing House
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Break Up the Banks
Robert Reich: "A fight is brewing in Washington - or, at the least, it ought to be brewing - over whether to put limits on the size of financial entities in order that none becomes 'too big to fail' in a future financial crisis."
https://www.truthout.org/robert-reich-break-up-banks58317
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The current financial crisis — and after
Ludwig von Mises Institute
by Kevin Dowd
04/09/10
The bad news is that the authorities badly botched it, at massive cost to us all — except to the bankers, of course, who are laughing all the way to what is left of our banks. And we are not out of the woods yet, by any means, and the authorities’ responses to the crisis are already sowing the seeds of a new, probably worse crisis down the road. That is pretty bad, to be sure, but that’s only a preamble to the very bad news...
https://mises.org/daily/4218
Informant: Thomas L. Knapp
https://freepage.twoday.net/search?q=financial+crisis
https://freepage.twoday.net/search?q=recession
https://freepage.twoday.net/search?q=debt
https://freepage.twoday.net/search?q=financial+institution
https://freepage.twoday.net/search?q=Big+Banks
https://freepage.twoday.net/search?q=foreclosure
https://freepage.twoday.net/search?q=bond+crisis
https://freepage.twoday.net/search?q=Enron
https://freepage.twoday.net/search?q=Robert+Reich+Blog
https://freepage.twoday.net/search?q=Kevin+Dowd
