Gotta make more room!
Maxing Out the National Debt Clock - [US News & World Report]
$400 Billion Lehman CDS Unwind? - [Big Picture]
I’ve heard concerns from various traders and hedge fund managers over the past few weeks that the Lehamn Brothers (LEH) derivatives unwind has been what’s roiling markets.
Early October, Citi (C) credit analyst Michael [...]
As Credit Crisis Spiraled, Alarm Led to Action - [NY Times]
Interesting article from the NY Times detailing what was going on behind the news as the credit crisis unfolded and the bailout plan got formulated. It also illustrates the overstatement and overselling that went into the bailout plan.
Really? The economy will be gone on Monday? [...]
Posted on the Campaign for Liberty blog:
Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt [...]
