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Browsing Category
Political Economy
Bill Gross: “Staying Rich in the New Normal”
PIMCO’s founder Bill Gross is out with his latest monthly missive. It makes for interesting reading, especiallyregarding the captains of finance and their desire to stay rich using other people’s money. I remember as a child my…
A finance view of the political nature of the coming GM bankruptcy
I was on the BBC yesterday talking autos and my commentary was almost entirely political. So, as we await the likely General Motors bankruptcy, I think it bears discussing how political this process has been and will continue to be.…
Sheila Bair talking to Bloomberg’s Al Hunt
Yesterday, I mentioned an e-mail from the FDIC clarifying statements on replacing bank executives by Chairperson Sheila Bair on Bloomberg's "Political Capital with Al Hunt". Below is the video which will allow you to see exactly what…
Clarifying press inaccuracies to help clean up the banking system
Today, I came across two attempts to clarify allegedly misleading articles in the press. Both clarifications were made in regard to how the banking system clean-up in the U.S. is proceeding. I will present them to you in as neutral a tone…
A conversation with Elizabeth Warren on Charlie Rose
We needed regulators like this when the bubble was being formed. Elizabeth Warren is truly a breath of fresh air.
Does the Swine Flu really have the makings of an epidemic? Yes.
I do think that we have seen a robust response to Swine Flu, sometimes bordering on panic. Much of this seems like overkill. However, first analyses of the H1N1 virus suggest this response is entirely warranted:
H1N1 swine flu is…
Timothy Geithner on Charlie Rose
In case you missed it, this is Tim Geithner talking stress tests this past Wednesday on Charlie Rose.
NY Fed Chair Friedman resigns
Here is the CNBC video of the news (with a lot more at the end on the stress tests):
And FT reports:
Stephen Friedman, the chairman of the New York Federal Reserve has resigned from his post with immediate effect following his…
An interactive guide to subprime spending on Capitol Hill
Yesterday,I posted the post "Almost all biggest subprime lenders have received bailout money" based on the very detailed detective work by The Center for Public Integrity (please visit their article here). Since then, the FT has…
Pesek: Asia is de-coupling
On Monday, I mentioned that the Asian Development Bank Fund was a clear sign that Asia was cutting loose from the west and looking to take care of things domestically. WIlliam Pesek of Bloomberg News put out a piece this morning…