Posted on 28 August 2009
Tags: American International Group, authority, billion, buying, Fannie Mae, Federal Housing Finance Agency, Federal Reserve, financial stock, financial system, freddie Mac, government, industry, insurer, investors, Loans, Money, Mortgage, Prices, profit, regulator, Securities and Exchange Commission, selling, stocks, taxpayer, trading, Treasury Department
Although most of the analysts think that their prices are almost certain to go to zero, investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions.
The government owns the majority of all three, and they are losing huge sums of money. The Securities and Exchange Commission and other regulators don’t have the authority to end the trading of stocks in such companies that are technically alive, until the government takes them off life support.
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Posted on 30 January 2009
Tags: 42nd President, Abbi Cohen, AIG, Alan Greenspan, America, american, American International Group, analyst, Andrew Lada, author, bank, Banks, Bark up the wrong tree, Ben Bernanke, Bill Clinton, Bill Gates, Britain, California, Case Study, crisis, derivatives, Doom, Europe, Federal Reserve System, Finance, financial, financial crisis, financial markets, founder, Franklin, Geir Haarde, George Soros, George W Bush, Goldman Sachs, Goldman Sachs Bank USA, Gordon Brown, greed of Businessmen, Guardian, Hank Greenberg, head, Henry Paulson, Iceland, idiots gave opportunity, idiots who gave me the opportunity to become rich, influential financier, investment, investment banks, John Paulson, Kathleen Corbet, Lehman Brothers, Lewis Raneri, market, Meredith Whitney, Minister of Finance, New York University, North America, Nuriel Rubin, people, political short-sightedness, President, Prime Minister, Professor, Richard Fuld, S&P 500, Sleeping over the Crisis, Standard & Poor's, Steve Jobs, strategist, the Guardian, U.S. Federal Reserve, U.S. Treasury, United Kingdom, United Socialist States of America, united states, United States Congress, United States of America, Wall Street, Warren Buffett, world
Guardian in a recent report revealed the perpetrators of the global financial crisis. It revealed their names and photos too. The British Guardian newspaper on Monday published a list of people whose work has proved fatal for the world economy. Lies have been told by both policy makers and business sharks.
The publication also listed visionaries who, warned us long before the actual crisis hit our shores. Unfortunately for the all us, these people were not involved in the process of decision-making.
In its famous “black list” Guardian has 25 spots. Almost half of them are filled with the people that have something to do with economic crisis of today. here are some of political and financial heavy weights.
Bark up the wrong tree “guru”
Alan Greenspan, head of the U.S. Federal Reserve( 1987 to 2006), is on the list at number one. The most influential financier has received from fans the world title of “guru”, “oracle” and “maestro”. In the delight of observers led his calmness with which Greenspan has held America through crises of 1987 and 1991, as well as the collapse of IT-industry in 2000 and panic in the markets that followed the September 11, 2001. It was Greenspan in early 2000 pursued a policy of low rates of the Fed, which led to easy money and irresponsible distribution of loans by banks. Moreover, the head of the Fed encouraged mortgage borrowers to take loans with floating rates. When rates inevitably increased after the tightening of fiscal policy in the middle of this decade, the people proved to have nothing to pay sharply increased the cost of credit.
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