From someecards.com:
Posts Tagged as ‘financial crisis’
October 30, 2008
0% interest?
Economist Ken Rogoff predicts that the Fed could soon cut interest rates to 0%. Hmm. Do we want to be Japan?
October 3, 2008
Pocket change
California may soon need a $7 billion loan from the federal government because of the credit crunch.
October 3, 2008
More from Lewis
And another Lewis column, from March, forseeing the current crisis as the inevitable result of a free-for-all on Wall Street. The punchline:
Ever since then, when extremely smart people have found extremely complicated ways to make huge sums of money, the typical Wall Street boss has seldom bothered to fully understand the matter, to challenge and [...]
October 3, 2008
Save Goldman!
A snide Michael Lewis column on how to save Goldman Sachs (from a week or so ago, but still funny).
October 2, 2008
Buffett on the economy
An interesting dispatch by Karen Tumulty on what Warren Buffett thinks about the big players in this economic crisis and bailout.
Buffett is convinced this bailout is going to turn out to be a terrific deal for the federal government, assuming it buys these distressed assets at market prices, and quipped, “I would take 1% of [...]
October 1, 2008
Krugman’s thoughts
Paul Krugman’s latest take on the bailout proposals:
My view, which I think is now shared by many economists, is that Paulson grabbed hold of the wrong end of the stick — he should have been seeking to expand bank capital, taking an ownership share in compensation, rather than trying to push up the value of [...]
September 30, 2008
Economists weigh in
TPM rounds up economists’ opinions on the financial crisis and proposed bailout bills. No one seems impressed, and a few note that the best use of the government’s money right now would be a stimulus package. Spend the money on health care restructuring or buliding new schools or just put the money directly into the [...]
