media

Yesterday, Latvia was downgraded to junk. Despite its diminutive size, this is a big deal. Fist, it is a harbinger of what is to come for the rest of Eastern Europe. But, more importantly it is a signal that Western European banks…

After 10 years of 7% growth, the Russian economy is set for a serious setback. The video below lays out some of the details.

Everybody is talking about nationalization. The latest trigger is the Citi discussions with the U.S. government to convert taxpayers' preferred shares into common equity. Below are a few Bloomberg video clips from just this morning…

This week's Barron's magazine highlights the abysmal state of the Manhattan real estate market. Manhattan was one of the last bubble markets to burst. Now, things are unraveling quickly, particularly at the high end. Some experts see…

Meredith Whitney, the well-known former Oppenheimer analyst had some interesting words to say on CNBC about the banking sector, nationalization, dividends and Citigroup. Take a look.

Below is a very good video called "Inside The Meltdown" about the credit crisis which appeared on PBS FRONTLINE last night. This is must viewing for everyone. The clip runs just under one hour.

The man who recently uttered the D-word about the global economy tells all to Charlie Rose.  The video is from this past Friday.

Below is a good video clip from the recent World Economic Forum in Davos. The speakers are addressing the issue of how they see the global economic outlook going forward. The moderator who begins the discussion is Martin Wolf of the…

Here, Maxine Waters, a U.S. Congresswoman from Los Angeles gets hot under the collar about the banking industry given its predatory lending (credit cards and housing) in her constituency. You may remember she was very skeptical about the…