Posts Tagged ‘Crisis’
|Financial Crisis Commission Divided Over Causes, Culprits Behind Meltdown
Financial Crisis Commission Divided Over Causes, Culprits Behind Meltdown
Listen to the Audio JIM LEHRER: Finally tonight: What caused the financial crisis? A major commission provided some answers today, but there was much disagreement, even among its own members. Judy Woodruff has the story. JUDY WOODRUFF: In the end, the commission, composed of six Democrats and four Republicans, broke up along party lines. We’re going to talk with both sides. And we’re going to …
Read more on The Online NewsHour
Irish under pressure in euro zone “survival crisis”
Irish under pressure in euro zone “survival crisis”
Ireland came under intense pressure on Tuesday to request aid over its debt crunch in what a top EU official called a “survival crisis” for the euro zone and the wider European Union.
Read more on Reuters via Yahoo! News
Home-loan crisis a point of contention in 5th District debate
Home-loan crisis a point of contention in 5th District debate
Rep. Tom Perriello and independent challenger Jeffrey Clark clashed Thursday night over who was responsible for the home-loans crisis that caused the recession. They agreed, however, that Republican candidate Robert Hurt should have been present for their debate in the 5th District congressional race.
Read more on The Amherst New Era Progress
Pakistan’s financial suicide crisis – 14 Nov 08
Pakistan is asking for international loans of more than $9bn in the hopes of fending off a balance of payments crisis. It’s deficit has almost doubled in 2008 to nearly $6bn. All of this has left many people struggling to feed their families, and as Al Jazeera’s Imran Khan reports, it has driven some people to take a desperate step.
Fannie Mae and Freddie Mac Crisis for Dummies
What the hell is a Fannie Mae or a Freddy Mac? Why should we care if they go under? Why is the government bailing them out with our tax money? What does this mean for the US and the world economy? How will it effect Wall Street? Take a peak and find out.
2010-2012 deepening Banking Crisis – second wave of $1.5 trillion home loan defaults
A second wave of home defaults will strike Banks in 2010-2012. Over $1.5 trillion dollars of bad home loans will threaten the banking system and risk economic collapse. Condensed from a 60 minutes expose. Video response shows Option ARM reset chart 2010-2012
Leading out of crisis – GDP(3/4)
This part of the GDP series will tackle the question if government and policticans can help to exit the crisis – or if not where the leadership has to come from
Crisis Solutions – Happy New Year 2010
www.berninger.de Linked-in www.linkedin.com While during the last 5 years I have been warning on the economic crisis, it is now time to shift the focus on how to solve problems and how to benefit from the coming economic collapse.
Dennis Lockhart on current mortgage-credit crisis – PART 1
A very good speech by Dennis Lockhart on housing, credit as well derivatives! A MUST SEE VIDEO! I recommend it to everyone! Dennis P. Lockhart (born February 1, 1947) is President and CEO of the Federal Reserve Bank of Atlanta. He assumed office on March 1, 2007. From 2003 to 2007, Lockhart served on the faculty of the Master of Science in Foreign Service Program at Georgetown University’s Walsh School of Foreign Service. He also was an adjunct professor at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies. From 2001 to 2003, Lockhart was managing partner at the private equity firm Zephyr Management, LP Prior to this position, he worked for 13 years at Heller Financial, where he served as executive vice president and director of the parent company and as president of Heller International Group. Lockhart held various positions, both domestic and international, with Citicorp/Citibank (now Citigroup) between 1971 and 1988. Early in his career with Citibank, he served in Saudi Arabia, Greece and Iran. From 1978 to 1986, he served in Atlanta as senior corporate officer of the Southeast office of Citibank. From 1987 to 1988, he was head of the firm’s Latin American debt-to-equity swap investment program. He was also a member of the board of directors of several companies Lockhart earned his BA from Stanford University in 1968 and his MA from the Johns Hopkins University School of Advanced International Studies in 1971. 9/10/2007
Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis — starting in 2002 (and actually even earlier — in the Clinton and Carter White Houses. Democrats resisted and kept to their party line, extending loans to people who couldn’t afford them — just like you would expect of socialists. See our web site for more. — www.ProudToBeCanadian.ca http — www.proudtobecanadian.ca