what happened?
our current credit crisis can be credited to two words: greed and securitization. don’t understand what securitization is? that’s alright… os x leopard’s spell check doesn’t either, but i’m going to attempt to explain why we’re all screwed anyway.
securitization, although not appearing heavily in the media until recent months, has been around [...]
hurricane ginnie: what happened/where to put your money
October 7, 2008
New Dollar Bill In Circulation Monday
September 21, 2008
despite the major market indices being more or less at the same level they were at last weekend, it was an insane week on wall street, leaving only two independent U.S. based bulge bracket investment banks standing. or… slouching. with lehman and ml falling this week to bankruptcy and a takeover and AIG [...]
U.S.S.R | Union of Socialist States of ameRica
September 18, 2008
in an effort to maneuver the economy through the uncharted waters of our current credit crisis, the united states government has resorted to communism… er, socialism, but communism has a more pleasant ring to the ears (not to mention shock value). on tuesday evening, the USSA/R bought out AIG in an $85 billion deal, with [...]
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