Credit Crisis

The Post Crazy Economy

Don McNay | Posted 01.09.2009 | Business


Don McNay

To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.

How Globalization Set the Stage for the 2008 Economic Collapse

Robert Creamer | Posted 01.08.2009 | Politics


Robert Creamer

A good case can be made that the massive globalization of labor and financial markets, coupled with "free markets uber alles" policies, formed a toxic mixture that made the collapse inevitable. Here's why.

Obama-Nomics Coming

Diane Francis | Posted 01.06.2009 | Business


Diane Francis

Obama-nomics won't merely be the New Deal Part Two. It will have to be executed along with policies hammered out in partnership with the best minds and most enlightened leaders in the world.

Treasury Invests $15 Billion More In Banks

CNN | David Goldman | Posted 01.05.2009 | Business


The Treasury Department said Monday it had invested $15 billion in another seven banks, including two companies that recently completed large takeover...

Bush/Cheney: Dinosaurs of the Old Economy

Michelle Kraus | Posted 01.01.2009 | Politics


Michelle Kraus

The legacy of Bush and Cheney are inextricably tied to the survival of the old fossil fuel economy. Their assignment was clear: defend and protect at ...

Credit Is Key To Stopping Financial Crisis In 2009

New York Times | ERIC DASH and VIKAS BAJAJ | Posted 12.31.2008 | Business


The financial crisis began in the credit markets, and eventually it will end there. But as the financial industry rounds out one of the most wrenching...

We Weren't Punked -- There is a Severe Financial Crisis

Hale "Bonddad" Stewart | Posted 12.20.2008 | Business


Hale

To argue there was no credit crisis -- to say we were "punked by Wall Street" -- flies in the face of every available fact on the crisis.

Happy Holidays Hollywood!

Ariston Anderson | Posted 12.19.2008 | Entertainment


Ariston Anderson

Just how much is the credit crunch going to affect Hollywood? Film elite like Sir Ben Kingsley, Penelope Cruz, Gus Van Sant, Dennis Hopper, Darren Aronofsky and others weigh in.

Where Caveat Emptor Still Stalks the Land

Charles H. Green | Posted 12.18.2008 | Business


Charles H. Green

I've met all too many people educated in our "best" schools who have come to believe that selling toxic waste to customers is a legitimate part of a noble, even moral, endeavor called capitalism.

Actually -- There Is A Credit Crunch

Hale "Bonddad" Stewart | Posted 12.18.2008 | Business


Hale

Why is this debate occurring? What are we talking about whether or nor there is a credit crunch? There are two reasons.

Nobody Knows Nothing

Zachary Karabell | Posted 12.15.2008 | Business


Zachary Karabell

When people look to the future, they tend to take the present and extrapolate. No one knows outcomes here, and past economic patterns are a misleading guide to the future.

Stripped! How Paris Hilton Caused the Second Great Depression

Richard A. Smith | Posted 12.09.2008 | Business


Richard A. Smith

Paris Hilton has achieved global iconic status without ever having accomplished anything. She taught us all that that it is ok, even fashionable, to have success without substance.

Going Into Debt For Obama?

Joanne Bamberger | Posted 12.08.2008 | Politics


Joanne Bamberger

President-elect Obama, tell families to stay home on Inauguration Day, save their money for their kids and enjoy the festivities on TV.

"The Obama Recession": Their Kingdom for a Scapegoat

Rick Horowitz | Posted 11.30.2008 | Politics


Rick Horowitz

The mere prospect of a Barack Obama victory, the Fulminators want you to believe, was enough to spook the markets and send them into the current tailspin.

Employment, Spending, House Sales And Factory Orders Drop: Government Releases 4 Reports That Paint Grim Economic Picture

AP | CHRISTOPHER S. RUGABER | Posted 11.26.2008 | Business


WASHINGTON — Wall Street finally has something to be thankful for. A set of economic reports out Wednesday were predictably gloomy, but the stoc...

Crisis of Confidence

Alan Schram | Posted 11.26.2008 | Business


Alan Schram

Seeing the news headlines, clearly people are frightened.The issue we are faced with today is shortage of confidence, not shortage of capital.

List Of Government Expenditures That Cost Less Than Credit Crisis Bailout

The Big Picture | Barry Ritholtz | Posted 11.25.2008 | Business


Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a ...

January 1, 2009: The Magic Date to Fix the Housing Crisis. Yes, We Can.

Paul Abrams | Posted 11.25.2008 | Business


Paul Abrams

Government action is required, either through incentives or directives. In these times, and with these stakes, the government should use whatever powers it has to get this done.

Feds unveil plans to unfreeze consumer debt market

AP | JEANNINE AVERSA and MARTIN CRUTSINGER | Posted 11.25.2008 | Business


WASHINGTON — The government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt w...

Chicago Mercantile Exchange To Run Credit Default Swaps Market

Crain's Chicago Business | Ann Saphir | Posted 11.20.2008 | Chicago


Regulators expect to give the go-ahead to CME Group Inc. and rivals to clear contracts in the $47 trillion market for credit default swaps by the midd...

Let GM Fail

Alan Schram | Posted 11.18.2008 | Business


Alan Schram

Throwing taxpayers' good money into that sink hole called the US auto industry will be tantamount to a transfer of wealth from tax payers to GM employees.

Cubs Sale Still On For Yearend, Despite Economy: Report

Crain's Chicago Business | Mike Colias and Ann Saphir | Posted 11.17.2008 | Chicago


Tribune Co. CEO Sam Zell is pushing to have a deal in place by yearend to sell all but a small stake in the Chicago Cubs, despite recent indications ...

Inflation Prospects

Alan Schram | Posted 11.14.2008 | Business


Alan Schram

In the last few months, we have seen the prices of commodities dropping precipitously. Oil dropped from $150 to $60, Gold dropped from $1,000 an ounc...

What the Hell is Paulson Thinking???

Howard Schweber | Posted 11.12.2008 | Business


Howard Schweber

Paulson now says that the administration will not, after all, use any of the $700 billion to purchase asset-based securities. At this point it seems salient to ask, what the hell is going on?

Masters of the Universe II: Just who is Obama?

Sanjiv Gupta | Posted 11.12.2008 | Home


Sanjiv Gupta

The election on November 4, 2008 has brought us full circle from the events of September 11, 2001. People all over the world mourned the destruction...