If You’re Going to Panic, Panic First

...because, it seems, that your assets may have been pledged multiple times as collateral in a leverage process known as "Re-hypothecation." Absent proof otherwise, this should probably be assumed to include any money you might have in an IRA, any alleged retirement you think your employer owes you, (what do you think the company does [...]

By |2011-12-12T10:49:44-05:00December 12th, 2011|Economy|2 Comments

An Examination of Available Data: Part 1

What a difference a little disclosure makes. For the remainder of this article, remember this timeline: Bear Stearns crisis, March, 2008. Lehman Brothers bankruptcy, September 15, 2008. TARP, October 3, 2008. AIG Financial Products taken over by Fed and given $85 Billion loan: September 16, 2008. Wikileaks brings us this information via U.K. Guardian from [...]

By |2010-12-19T14:41:43-05:00December 19th, 2010|Economy|0 Comments

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