Category Archives: credit crunch

Morning Awful: Who Owns My Mortgage?

Posted on November 17, 2010 by Matt Osborne

Share the post “Morning Awful: Who Owns My Mortgage?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailIn order to create the 2008 financial crisis and credit meltdown, a gigantic machine for making money out of money out of money first had to be invented and constructed, invisible to … Continue reading →

Posted in credit crunch, financial crisis, Financial Derivatives, financial meltdown, Morning Awful | Leave a comment

Could Major Financial Reform Pass on a Voice Vote?

Posted on November 22, 2009 by Matt Osborne

Share the post “Could Major Financial Reform Pass on a Voice Vote?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailThis got me thinking: Lobbyists and committee staffers expected that the amendment — which would mandate that banks essentially could not lend out or invest more than 12 dollars … Continue reading →

Posted in Banks, credit crunch, Financial Reform, financial regulation, Gold Standard | Leave a comment

CIT Didn’t Lend TARP Money

Posted on November 16, 2009 by Matt Osborne

Share the post “CIT Didn’t Lend TARP Money”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail The taxpayer is out $2.3 billion with the failure of CIT. Huffington Post notes that CIT didn’t even lend the TARP money: In the fiscal year ending on Sept. 30, CIT made … Continue reading →

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CIT Dead At 101

Posted on November 2, 2009 by Matt Osborne

Share the post “CIT Dead At 101″FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailThe company known as CIT succumbed to a long battle with frozen credit markets this weekend. Founded in 1908, the company’s demise as a publicly-traded entity may herald the end of the “too big … Continue reading →

Posted in credit crunch, Obituaries | Leave a comment

Financial Meltdown Video

Posted on March 4, 2009 by Matt Osborne

Share the post “Financial Meltdown Video”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailH/t to SWASH ZONE and Political Panorama for this video. While it does an excellent job of explaining the meltdown of the financial industry, it ONLY examines the financial industry. There needs to be another … Continue reading →

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Will Banking Bring Bipartisanship?

Posted on February 15, 2009 by Matt Osborne

Share the post “Will Banking Bring Bipartisanship?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailAfter three weeks of GOP-fed media narrative proclaiming Obama’s economic stimulus an epic fail, the coverage suddenly turned positive this weekend. The press woke up to the enormous victory Obama has scored despite intense … Continue reading →

Posted in Andrew Sullivan, credit crunch, Michael Steele, Timothy Geithner | 2 Comments

Blaming Americans

Posted on February 9, 2009 by Matt Osborne

Share the post “Blaming Americans”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailHumans are not naturally inclined to borrowing. If we were, then most Americans would have fifty credit cards, five homes, and seventeen cars by now. In the heady days before the credit crunch, parking lots would … Continue reading →

Posted in credit crunch, financial meltdown, wage growth | Leave a comment