Posts Tagged ‘Financial’
|GOP Blocks Financial Reform Because They Love Wall Street
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3 Reasons The New Financial Regs Won’t Fix Anything
The financial reform bill currently working its way toward President Barack Obama’s desk for signing is being touted as the biggest overhaul of the banking and investment sectors since the Great Depression. But the new regs won’t be any more effective than the ones they replace in fixing anything or preventing the next major panic for at least three reasons. 1. New Watchdog, Old Tricks They create a new watchdog consumer agency designed to protect consumers from their own supposed stupidity. You’ll now be facing fewer choices when it comes to getting credit cards, loans, and other basic financial transactions. 2. Never Too Big To Fail They replace “Too Big to Fail” with… “Too Big to Fail.” One of the reasons why major financial institutions played Russian Roulette with the economy was because they were betting they would get bailed out. Which is precisely what happened. The new rules codify the idea that the government will make sure certain institutions can never fail. And if you think the big boys won’t game that system, then you don’t understand how well Citigroup, Goldman Sachs, et al have come through the current meltdown. 3. Housing Bubble Trouble The financial crisis was set into motion by government policies that encouraged people to buy homes they couldn’t afford at prices that were unsustainable. Between desperate attempts to keep people in houses and to keep interest rates below an effective rate of zero, the government continues to pour more money down the …
Opie & Anthony: Louis CK Explains…The Financial Collapse – Part 1 of 3
Louis talks about the recession and the fucked economy. He also describes the man-made shortage of diamonds under the De Beers’ controlled supply. Louis later mentions the episode “The Giant Pool of Money” from This American Life on NPR, which you can listen to here: www.thisamericanlife.org Part 1 of 3.
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
Summary Box: New consumer financial protection
Summary Box: New consumer financial protection
CONSUMER PROTECTION LOOPHOLES: A financial overhaul bill awaiting a Senate vote would create a new regulator to oversee consumer loans. But community banks and auto dealers won’t be covered.
Read more on AP via Yahoo! News
6 Ways Financial Reform Will ChangeYour Personal Finances
6 Ways Financial Reform Will ChangeYour Personal Finances
New rules will affect everything from credit scores and student loans to whether you use credit or debit cards to pay for your morning cup of coffee.
Read more on Kiplinger.com
Opie & Anthony: Louis CK Explains…The Financial Collapse – Part 3 of 3
Louis talks about the recession, the fucked economy, and hiding money in a safe. The boys also discuss how Obama will handle the legacy of unsustainable financial success. Louis mentions the episode “The Giant Pool of Money” from This American Life on NPR, which you can listen to here: www.thisamericanlife.org Part 3 of 3.
The Psychology of the Financial Crisis
In this talk, Nicholas Barberis, the Stephen & Camille Schramm Professor of Finance at the Yale School of Management, will discuss the role that irrational thinking and decision-making may have played in the development of the current economic downturn. Drawing on ideas from both social and cognitive psychology, he will shed light on this relatively neglected aspect of the crisis. This lecture was delivered at the Association of Yale Alumni Reunion Weekend on June 5, 2009.
Financial Armageddon 2.0 – TOTAL BREAKDOWN avoided last minutes before Markets opened
www.berninger.de On Sunday night the Situation in the European banking system had heatet up so much that finally FRANCE went bust. French SubPrime Minister Sarkozy pushed the rescue package as France was de-facto bankrupt amid a dry up for French debt issuance.