Investing Citations
Dare Obasanjo aka Carnage4Life - A Blast from the Past: 1999 NY Times Article Foreshadowing Credit Crises
Citation added: October 7th, 2008, 5:53 am
Still, it is definitely interesting reading to see that someone called the current clusterfuck as far back as 1999.
Way to go Clinton administration, as always the road to hell was paved with good intentions.
[good comments too]
Additional Source Details
economics | usa | predictions | investing | housing | realestate | 1999 | 2008
Economist's View: What Caused the Financial Crisis?
Citation added: October 6th, 2008, 8:56 am
[Fannie and Freddie] certainly should not operate as private entities with an implicit government guarantee as before - that's what set up the situation where the implicit guarantee could be exploited profitably and used to fund lobbyists and ad campaigns to make sure the golden goose kept laying eggs.
Additional Source Details
economics | usa | 2008 | banking | investing
Google Finance: Google Inc.: What is happening to Google [GOOG stock price]
Citation added: September 30th, 2008, 1:23 pm
Open: 395.98
High: 489.36
Low: 200.01
Additional Source Details
2008 | weird | google | investing
Stumbling and Mumbling: Bradford & Bingley: the underlying questions
Citation added: September 30th, 2008, 4:32 am
Bradford and Bingley lived for 149 years as a mutual company. It lasted just eight years as a quoted firm. Halifax survived for 144 years as a mutual, but just 11 as a quoted company. Northern Rock lasted 157 years as a mutual, 11 as a quoted.
Not a single building society that demutualized in the 90s now survives as an independent company.
Does anyone see a pattern here?
What went wrong?
Additional Source Details
economics | banking | uk | investing
Punditry | Professor Bainbridge | McCain's Moronic Critique of Cox
Citation added: September 28th, 2008, 10:07 am
The trouble is not with short-sellers. The trouble is with an over-levered financial system built on a house of cards comprised of under-collateralized toxic paper that was applauded all the way up by “housing is the American dream” nutters who couldn’t see that vast expansions in thinly-traded credit are a path to economic ruin.”
Additional Source Details
usa | economics | politics | 2008 | investing
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