Shane Lam | A checklist for surviving the financial crisis
Over the past few months, the news has been almost incomprehensible. It’s hard for many of us to make sense of the failure of major Wall Street firms and large banks and the $700 billion bailout of the financial sector. And it’s hard for investors to be calm when stocks have fallen more than 40 percent between October 2007 and Inauguration Day 2009. What can you do to cope? Consider the following checklist for surviving a financial crisis. Read more
A downturn, or a chance to regroup?
I don’t want to accept that we’re in an “economic downturn” just because everybody says that we are.
OK, sure, I get it. The banks aren’t loaning money because they got burned by the subprime-lending fiasco. And now the auto industry is supposedly on the kabosh. And factories are laying off left and right, just down the street from my office, literally, almost, in my backyard. Read more
Sam Rasoul | 10 Points To Help Rebuild Our Economy
On the verge of global economic collapse, we hear many ideas about how to improve our economy. Just spending more is not going to work. You can add all the fuel you want to a broken engine, but our nation needs to make some fundamental changes. If we are going to spend trillions in taxpayer dollars, we must make them count.
Here are 10 points that I feel will help rebuild the economy, but it won’t be quick, cheap, or easy. The first five points are more short-term in nature and the last five more long-term: Read more
Another bailout? Seriously?
I’ve been going back and forth on the proposed Big Three bailout, and right now I’m at No, bad idea.
And here’s why – and why I think I’m going to stay on No, bad idea, for the duration. They’re not where they are because of bad luck or the more general economic downturn. They’re where they are because of bad business decisions. Read more
David Reynolds: Why it happened
Greed. That’s OK for a one-word answer. But the editor allots me 800 words each week, so I should say a little more. I could say that before their sudden death, the investment banks were not subject to the same regulatory controls we place on commercial banks. But that is still not enough.
What we need to say has not been widely said. We need to peel the onion again and chase to the great con game – a game that has taken the air out of the credit markets. Remember, private con artists don’t give a hoot about public confidence. And confidence is what drives our credit based economy. And makes the U.S. dollar accepted around the globe.
Business and Economy: Let ‘em go under?
Column by Chris Graham
freepress2@ntelos.net
To my surprise, that’s what I’m hearing friends on both the Democratic and Republican sides of the aisle say about the proposed $700 billion Wall Street bailout.
“If it was your business that was failing, they wouldn’t bail you out,” one friend who is a Downtown Waynesboro business owner told me. “I don’t trust any of them to do anything other than throw money at the fatcats,” said another friend who is in advertising sales.
Raj Date | Establishing minimum standards for the safety of financial products
Posted by afp on June 18, 2009 · Leave a Comment
Filed under Blogs · Tagged with financial product safety commission, wall street