Tag Archives: Financial Crises

Re-enact the Glass-Steagall Act

I was really encouraged the other day when I saw an article in the Financial Times reporting that Sandy Weill, former Chairman and CEO of Citigroup commented in a CNBC interview that the big banks should be broken up and … Continue reading

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The Government doesn’t control the Financial Sector

I few years ago a friend of mine who lives and works in Italy told me, “the Italian government does not control Naples.”  That was hard for me to believe, that a government doesn’t control one it’s own major cities. … Continue reading

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European Bank Stocks Rally – Why not?

I saw this article in the Financial Times and I had to comment.  There was a big rally in European Bank stocks in January.  http://on.ft.com/xuvEpq Why shouldn’t European Banks rally?  They are getting practically free money in the form of … Continue reading

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PM Criticizes EU

I think the UK Prime Minister should turn his attention to fixing the problems in the UK and let the Eurozone leaders work on sorting out the problems with the Euro. Read the article here: http://bit.ly/xdDHuT He already created enough problems … Continue reading

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Update on the Collapse of MF Global

Well here’s the article that lays it all out: the overconfidence, the intimidation, the big ego, the reckless use of power. A big thank you to The New York Times for reporting on this financial tragedy.  http://nyti.ms/uIoyJu We do not … Continue reading

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He Doesn’t Know Where the Money Went

Have you been following the news about the collapse of the hedge fund MF Global?  You know the hedge fund that was headed by Jon Corzine, former US Senator, former Governor of New Jersey, former CEO of Goldman Sachs. How … Continue reading

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We Need More Financial Sector Regulation

I read an editorial in The Economist about the recent “Occupy Wall Street” movement.  I find it interesting that the author took the liberty of editorializing about several symptoms of the 2008 financial crises without adequately addressing the cause. The … Continue reading

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Mixed Message – Can you spell R-E-C-E-S-S-I-O-N?

I just came across this post and I just had to laugh.  In the post they state that economists now feel that the U.S.A. my be entering another recession.  Entering?  We’ve been in a recession for the past 3 years. … Continue reading

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Brace for Impact

Here’s a realistic and refreshingly honest assessment of the U.S. economy.  http://yhoo.it/qctEnC  

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A Jobless Recovery

U.S. unemployment stands at 9.2%.  U.S. corporate profits – Up, way up!  Why?  US corporations are sitting on a mountain of cash.  They are not expanding in the U.S.A.; but are expanding overseas.  And as I indicated in an earlier … Continue reading

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