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Credit Crunch

Don't Demonize Debt

Zachary Karabell | Posted 05.25.2011 | Business
Zachary Karabell

While granting someone with a low income a $300,000 mortgage is absurd, so is granting them zero credit or credit at rates that would make a loan shark blush.

The Implications of Falling Oil Prices

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

While lower oil prices are welcome news for the US consumer and for consumers in other economies that rely on importing oil, the situation is very different around the world.

How To Profit From The Credit Crunch: Wall Street Journal

Wall Street Journal | MARK GONGLOFF | Posted 05.25.2011 | Business

Investors shell-shocked by two nasty bear markets in stocks in less than a decade are starting to look elsewhere for good returns. In the wake of the ...

The Story of 2008: What Went Wrong?

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Bear markets are difficult experiences, but they provide unique prospects. I believe we will look at the present U.S. stock market valuations as perhaps the best investment opportunity of a generation.

How to End the Recession

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

What should be intuitively clear is that spending is no way to repair our woes. Indeed, spending irresponsibly is exactly what got us in the current lugubrious position.

Federal Spending Out of Control

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

It is not the "government" that hands out these bailout packages and money for projects. We must recognize that government has no money that isn't ours.

A Credit Crunch Christmas: Lessons for Next Year

Esther J. Cepeda | Posted 05.25.2011 | Chicago
Esther J. Cepeda

I wondered how the six kiddies in my family would take their first - but certainly not last - credit crunch Christmas.

We Were Punked

David Sirota | Posted 05.25.2011 | Politics
David Sirota

What I and other bailout opponents have been saying is that bailout backers sensationalized a real problem to create the belief that if we didn't do something unfathomably unprecedented, the world would end.

Chavez After the Oil Boom

Francisco Toro | Posted 05.25.2011 | World
Francisco Toro

It's the oil-fueled spending boom that accounts for the popularity of the Chavez regime, and there's nothing progressive about it.

Getting Grounded: An Agenda for the Near Future

Bob Jeffrey | Posted 05.25.2011 | Politics
Bob Jeffrey

Discussing good works is fine, but what counts will be values-driven decision-making that puts the communal good, good works and good results at the top of the agenda.

Feds unveil plans to unfreeze consumer debt market

AP | JEANNINE AVERSA and MARTIN CRUTSINGER | Posted 05.25.2011 | 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...

End the Bailout

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Paulson is now on his third plan for how to spend the cash Congress gave him. Nobody knows what he will do next.

This Guy Predicted The Financial Crisis And Was Derided For It (VIDEO)

Atlantic | Andrew Sullivan | Posted 05.25.2011 | Business

Watch the contempt from Fox News for Peter Schiff over the past two years: I feel his pain. His economic sense and foresight escaped me. But politi...

Washington Overreacts

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Have you noticed our politicians so often do exactly the wrong thing? They mean well, but in their haste to propitiate us, the voters, they cause more damage than good.

Why the Stock Market is Cheap Now

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

We are seeing some of the best stock valuations in the last century. Once fear of illiquidity dissipates, the stock market will get back to normal levels.

Cash is Not King

Alan Schram | Posted 05.25.2011 | Home
Alan Schram

If you do not find stock prices cheap now, with the market pulverized 45% in the last year, then you probably should never own stocks.

Credit Crunch and the Money Supply

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Imagine a world in which Uncle Sam is the monopoly supplier of bananas, in the same way that he is now the monopoly supplier of money; eventually people will become anxious about future decisions of the banana board.

Greenspan Calls Crisis A "Credit Tsunami" (VIDEO)

AP, C-SPAN | Posted 05.25.2011 | Business

Greenspan told the House Oversight Committee on Thursday that his belief that banks would be more prudent in their lending practices because of the ne...

The Anatomy of the Financial Crisis and Why We Must Get It Right

Mort Zuckerman | Posted 05.25.2011 | Business
Mort Zuckerman

The danger is that politicians, who have little understanding of the financial world, may draw the wrong conclusions from Wall Street follies and make the wrong decisions as they try to revive our financial system.

Layaway Is Making A Comeback Amid Credit Crisis

The Wall Street Journal | MIGUEL BUSTILLO | Posted 05.25.2011 | Style

Layaway, a payment practice that was made popular during the Great Depression but nearly became extinct due to the instant gratification of credit car...

AP source: Credit trouble slowing GM-Chrysler deal

AP | TOM KRISHER and JOE BEL BRUNO | Posted 05.25.2011 | Business

DETROIT — A potential deal for General Motors Corp. to acquire Chrysler LLC is slowly moving forward, but the transaction is being hampered by a...

Don't Kill the Planet in the Name of Saving the Economy

Johann Hari | Posted 05.25.2011 | Green
Johann Hari

To get out of the credit crunch, we need a big package of job creation and economic stimulus. To get out of the climate crunch, we need an army of millions of new workers -- and billions in public spending.

Depression Economics Explained, Part 2: The Credit Crunch

Zack Exley | Posted 05.25.2011 | Business
Zack Exley

People are desperate for an explanation of the economy that actually makes sense and they're not getting it from the experts.

Layoffs Expected At Tesla Motors As CEO Replaced By Elon Musk

Treehugger | Michael Graham Richard | Posted 05.25.2011 | Green

It's not a 100% official yet, but a few sources are reporting that something big is happening at Tesla Motors, makers of the electric Roadster who ha...

British banks to get cash infusion from government

AP | JANE WARDELL | Posted 05.25.2011 | Business

LONDON — The British government injected an unprecedented 37 billion pounds ($63 billion) into some of the country's leading banks Monday to avo...