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And they learned about some of the average people who had taken out so many mortgages, including a stripper who was juggling five home-equity loans, all dependent on ever-rising home prices. The four men went home surer than ever that "this is a fictitious Ponzi scheme," as one of them told journalist Michael Lewis, who recounts the story.
When the Government and Troika robbed the nation blind and crashed its economy the people said nothing and took it. When their bank accounts were frozen and money stolen to bail out the banks..
Municipal bonds are debt securities issued by state and local governments to finance a wide range of public projects, cover government operational needs and support private-sector projects through.
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Copper and zinc are down around 8 per cent, lead and nickel are 6 per cent lower. Some of that was a consequence of forced sales prompted by margin calls on leveraged investors. But much of it.
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But for reasons that aren’t at all clear, the US and French governments have dismissed that kind of initiative. Maybe there’s another cunning plan available to ward off the Minsky Moment. If the.
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You betcha. And the person dishing out the roughest stuff at the moment is Sarah Palin. "I was reading my copy of the New York Times the other day," she said. "Booooo!" replied the crowd. "I knew you.
Was talked out of quitting before being sworn in when his wife. banker who founded his own hedge fund in 1986 and made himself a billionaire; investments included subprime lenders, private prisons.
Big Banks Will Take Depositors Money In Next Crash -Ellen Brown. They use words so that it’s not obvious to tell what they have done, but what they did was say, basically, that we, the governments, are no longer going to be responsible for bailing out the big banks. These are about 30 international banks.