government – Page 49 – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

The U.S. financial system is effectively insolvent

Stephen Roach has a bone to pick with Congress

U.S. Bailout: the mother of all carry trades?

How the Bailout deal unraveled yesterday

$700 Billion? Try $5 Trilion – So says Marc Faber

Quote of the day: TARP not based on any facts

Jim Chanos: short sellers are heroes

Paulson’s Economic Patriot Act is about marking to market

Libor-OIS spread at an all-time high

Congress does need to act on the Economic Patriot Act