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Financial Meltdown

Time to Take Jon Stewart to Task!

Bill Cusack | Posted 04.13.2009 | Media

Read More: Cnbc, Stock Market Crash, Wall Street Crisis, Wall Street, Bernie Madoff Ponzi Scheme, Comedy Central, Jim Cramer on the Daily Show, Stock Market, Stock Market Crisis, Jim Cramer Daily Show, New York Stock Exchange, John Stewart, Financial Meltdown, Personal Finance, Jim Cramer, Media News
Bill Cusack

I just finished watching Jon Stewart's almost completely satisfying conversation with Jim Cramer on Hulu. Stewart chastised Cramer for taking Wall St...

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Dear Mr President: Please Read Your Blogs -- (It's Not Like Eating Your Spinach)

Miles Mogulescu | Posted 04.08.2009 | Politics

Read More: Stiglitz Slams Bad Bank Idea, Nouriel Roubini, Financial Bailout, Geithner Plan, Obama Blackberry, Obama Blogs, Larry Summers, Paul Krugman Barack Obama, Barack Obama, Lawrence Summers, Financial Advice, Blogs, Roubini Nationalization, Barack Obama Blackberry, Financial Meltdown, Joseph Stiglitz, FInancial Markets, Tim Geithner, Geithner Bailout, Paul Krugman on Barack Obama, Financial Crisis, Paul Krugman, Global Financial Crisis, Timothy Geithner, Political Blogs, Politics News
Miles Mogulescu

It would be a bit disturbing if a president who has said he wants to hear the widest range of opinions on important issues would want to dismiss those who write blog posts.

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Selling Your Soul to the Devil for Fun and Profit

Stephen Mo Hanan | Posted 04.07.2009 | Home

Read More: U.S. Economy, Credit Cards, Consumerism, Financial Meltdown, Madoff, Tv, Faustian Bargain, Morality, Hector Berlioz, Spirituality, Distribution, Inherent Goodwill, Walt Whitman, Bob Dylan, Mephistopheles, Home News
Stephen Mo Hanan

Recently in New York I went to a preview performance of a rarely staged piece of music theater called "The Damnation of Faust," by Hector Berlioz. In ...

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Larry Kudlow Mulls U.S. Senate Run Despite Disastrous Record Of Economic Predictions

Mark Nickolas | Posted 04.03.2009 | Politics

Read More: Phil Gramm, Financial Meltdown, Economic Recession, 2010 Elections, Larry Kudlow, Financial Crisis, Chris Dodd, Connecticut Senate Race, Phil Gramm Nation of Whiners, Recession, Politics News
Mark Nickolas

Aside from Phil Gramm, there are few other economic types that have shown to be so disconnected from the recent economic realities than Kudlow.

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The Economic Meltdown: What's Your Accountability In All This?

Jim Selman | Posted 04.03.2009 | Living

Read More: Economic Crisis, Financial Meltdown, Living News
Jim Selman

Russell Bishop's post about 'The Blame Game' is right on the money. He uses the term "responsibility" as meaning the ability to respond -- literally r...

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Economic Meltdown or Back to Normal?

Hugh McGuire | Posted 04.02.2009 | Business

Read More: Politics, Debt, Financial Meltdown, Wealth, Economics, Inflation, Finance, Money, Stocks, Trade, Economic Crisis, Monetary Policy, Business, S&P, China, Business News
Hugh McGuire

The wealth of the past 10-15 years was illusory. The markets have in fact dropped back to where they "should" be.

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The Markets: Always Up, and Never Down

Rick Horowitz | Posted 03.28.2009 | Business

Read More: Hank Paulson, Stock Market, Larry Summers, Federal Reserve, Collateralized Debt Obligations, Barack Obama, Lawrence Summers, Obama Administration, Investors, Wall Street Crisis, Subprime Mortgages, Wall Street, Financial Meltdown, Hedge Funds, Tim Geithner, Financial Crisis, Henry Paulson, Ben Bernanke, Timothy Geithner, Business News
Rick Horowitz

Back when it was good, you didn't understand it and it didn't matter; the numbers kept going up anyhow. The ones who knew, knew, and you were content to go along for the ride.

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Soros: No Bottom For World Financial "Collapse"

Reuters | Posted 03.23.2009 | Business

Read More: Financial System, World Financial System, Global Meltdown, Financial Meltdown, George Soros, Business News

Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near...

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Where Do We Set the "Restore" System Date?

Tom Tresser | Posted 03.13.2009 | Business

Read More: Fraud, Global Financial Crisis, Madoff Scandal, Financial Meltdown, FInancial Markets, Public Financing, Business News
Tom Tresser

At what point did our financial system stop producing real value and started selling soap bubbles? Can you quote any far-sighted individuals who saw all this coming?

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Jason Linkins

Wall Street Apocalypse Sounds Better With Music (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 03.07.2009 | Media

Read More: Video, Microsoft Songsmith, Financial Meltdown, Media News

Johannes Kriedler took a number of the news' most doom-laden charts and fed them into Songsmith -- Microsoft's on-the-spot musical accompaniment generator. The results are positively toe-tapping.

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"'Crime Once Exposed Has no Refuge but in Audacity." -Tacitus

Iris Erlingsdottir | Posted 02.19.2009 | World

Read More: Iceland Economy, Financial Meltdown, Iceland National Bankruptcy, Iceland Economic Crisis, Financial Crisis, Global Financial Crisis, Iceland Financial Crisis, Iceland Economy Collapse, Iceland, Global Markets, Global Economic Crisis, World News
Iris Erlingsdottir

Although there has been much energy expended imagining the conspiracies that led to Iceland's rapid rise and fall, the architects of this catastrophe were just ordinary people acting in their best interests.

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The Post-Madoff, Post-TARP Future of Financial Regulation

Jay Mandle | Posted 01.23.2009 | Politics

Read More: Elizabeth Warren, Sec, Wall Street Regulation, Financial Meltdown, Mary Schapiro, Financial Crisis, Treasury, Securities Exchange Commission, Financial Regulation, Politics News
Jay Mandle

In this age of deregulation, it's been unfashionable to regulate even such things as power plants like public utilities, let alone financial markets. But it's time for that sort of regulation to come back into style.

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The Rule of Law Should Be Obama's Top Priority

Cenk Uygur | Posted 01.11.2009 | Politics

Read More: United States Constitution, Barack Obama, Afghanistan, Economy, Obama Administration, Iraq, Rule of Law, Global Warming, Healthcare, Financial Meltdown, Politics News
Cenk Uygur

The beginning point for fixing all our problems is to restore the United States Constitution, legal system and rules and regulations. They were there for a reason. They are what made us American.

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Songs for the Season: "A Ho-Ho-Horowitz Christmas!"

Rick Horowitz | Posted 01.11.2009 | Style

Read More: George Bush, White House, Investments, Joe the Plumber, Christmas Parodies, Homeland Security, Holiday Songs, Chicago, Satirical Songs, Economy, George W. Bush, Christmas, Obama Administration, Sarah Palin, 401(K), Auto Bailout, Patrick Fitzgerald, Satire, General Motors, Obama Cabinet, Financial Crisis, Hurricane Katrina, Xmas, Financial Meltdown, Illinois, Detroit, Karl Rove, Michelle Obama, Hillary Rodham Clinton, Ford, Congress, Joe Biden, Barack Obama, Chrysler, Christmas Songs, Bush Administration, Wall Street, Rod Blagojevich, Janet Napolitano, Santa Claus, Car Czar, Hillary Clinton, Style News
Rick Horowitz

You'd better watch out/ And heed what I say/You'd better protect your 401(k)/Nasty times are coming to town.

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Financial Crisis Weakens NYC's Position As World's Financial Capital

AP | SAMANTHA GROSS | Posted 01.06.2009 | Business

Read More: Financial Crisis, Wall Street, Economy, New York City, Financial Meltdown, Business News

NEW YORK — For the hundreds of camera-toting tourists who visit Wall Street every day, the New York Stock Exchange presents an imposing sight. ...

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Cowardly Bush Hides Behind Laura's Skirts: Gibson Fails to Ask the Key Questions

Paul Abrams | Posted 01.05.2009 | Media

Read More: George Bush, Financial Meltdown, Charlie Gibson, Downing Street Memo, George Tenet, Iraq War, Katrina, Dick Cheney, Eric Shinseki, Media News
Paul Abrams

Although Charlie did press Bush on the Iraq War -- would he have fought it knowing there were no WMDs? -- the presence of Laura Bush during the interview did much to disarm Gibson.

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Obama Right to Reassure Wall Street Markets With Rubinauts But Also Needs Econ Advisors Who Stand for Main Street

Miles Mogulescu | Posted 12.29.2008 | Politics

Read More: Timothy Geithner Treasury Secretary, Jared Bernstein, Financial Bailout, George Soros, Economic Crisis, Robert Rubin Citibank, Paul Krugman Barack Obama, Obama's Economic Team, Jame Galbraith, Kuttner Obama, Krugman Obama, Financial Advice, u.s. Economy Problems, Larry Summers and Barack Obama, Economic Stimulus Package, Joseph Stiglitz, Financial Meltdown, John Kenneth Galbraith, Kuttner Obama's Challenge, Paul Krugman on Barack Obama, Financial Crisis, Global Financial Crisis, Obama Cabinet Picks, Sheila Bair, Cabinet Appointments, Soros on Crisis, FInancial Markets, Economy, Socialists, Politics News
Miles Mogulescu

We can only hope that Obama balances the smart Rubinauts whom he has picked to lead his economic team with some equally smart pro-Main Street economic minds.

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Red Flags Fly High on Obama's Economic Team

Earl Ofari Hutchinson | Posted 12.25.2008 | Politics

Read More: Phil Gramm, Larry Summers, Barack Obama, Economic Crisis, Bill Clinton, Glass-Steagall Act, Presidency, Wall Street, W. Bush, Financial Meltdown, Obama Lawrence Summers, Obama Cabinet, Obama's Economic Team, Politics News
Earl Ofari Hutchinson

Lawrence Summers should be hailed as the go-to guy for Obama to turn to for help in sorting out some of the economic mess. But his role in helping create some of that economic mess raises a red flag.

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Meltdown 101: How we'll know we're in a recession

AP | ELLEN SIMON | Posted 12.01.2008 | Business

Read More: Financial Crisis, Financial Meltdown, Wall Street, Recession, Depression, Economy, Alan Greenspan, Business News

NEW YORK — A recession isn't officially a recession until the National Bureau of Economic Research says it is. You don't have to wait for them,...

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Needed: A New Language of Regulation

David Epstein | Posted 12.01.2008 | Business

Read More: Government, Financial Crisis, Regulation, Government Bailout, Financial Meltdown, FInancial Markets, Stock Market, Barack Obama, Business News
David Epstein

Unless we can move beyond this dichotomy of "more" or "less" regulation and develop a new language of regulation, the public dialogue, and the policy that flows from it, will be incomplete and flawed.

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Big Layoffs From Big Companies (SLIDESHOW)

Huffington Post | Nour Akkad | Posted 11.29.2008 | Business

Read More: Business News, Job Layoffs, Job Losses, Slideshow, Financial Meltdown, Business, Job Cuts, Economic Crisis, Finance, Economy, Business News

As the financial turmoil continues, many high-profile companies have recently announced massive layoffs to be conducted in the next couple of months. ...

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My Nigerian Email Scam

Tom McNichol | Posted 11.29.2008 | Business

Read More: Financial Crisis, Wall Street Bailout, Wall Street Crisis, Financial Meltdown, Wall Street, Email, Fraud, Internet Scams, Humor, Satire, Business News
Tom McNichol

AN URGENT EMAIL TO MY ESTEEMED FRIEND IN NIGERIA Dear MR. HAJIA MARIAM ABACHA, First, 1,000 apologies for not responding to the valued emails you've...

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Default Swaps and Denuded Swamps

Jeff Schweitzer | Posted 11.29.2008 | Green

Read More: Environmental Crisis, Wake Up Call, Subprime Lending, November 5, Climate Change, Environment, Crisis, Obama, 1 Trillion, Taxpayers, Wall Street, Self Destruction, Financial Meltdown, Global Warming, Ponzi Scheme, Green News
Jeff Schweitzer

After eight years of neglect, climate change requires immediate attention. Let us respond with urgency, with humility, and with an eye on Wall Street as a reminder of our errant ways.

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Causes of the Collapse

Rabbi Shmuley Boteach | Posted 11.28.2008 | Living

Read More: Greed, Eve, Barack Obama Grandmother, America Religion, Money, Economy, Eden, Adam, Retirement Plans, Bereishis, Family Values, Barack Obama, Religion, Cnn, Culprits of Collapse, Economic Collapse, Financial Meltdown, American Family, Financial Crisis, Consumers, Torah, Obama Jewish Voters, Living News
Rabbi Shmuley Boteach

Sadly, religion in America seems incapable of rising to the challenge of giving people inner contentment and pulling them away from insatiable materialism.

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Greenspan Admits: "It Was All My Fault"

William Klein | Posted 11.24.2008 | Business

Read More: Financial Meltdown, Humor, Satire, Political Humor, Market Crash, Stock Market, Economy, Karl Marx, Economic Crisis, Political Satire, Alan Greenspan, Capitalism, Recession, Business News
William Klein

"I'd been hoping to avoid this getting out," Greenspan said, "but I have an evil twin." With that, he seemed to acquire a bushy head of hair and a white beard and introduced himself as "Karl."

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