Whats a C.D.O. (Collateralized dept obligation)?
Wall Street giants like Citigroup and Merrill Lynch have been severely shaken by their losses on an arcane innovation in finance: collateralized dept obligations, or C.D.O.’s.
Worldwide, there is more than $1.3 trillion invested in C.D.O.’s. Residential mortgage-backed securities, or R.M.B.S., make up 56 percent of the assets in C.D.O.’s. So the slump in housing has had a huge ripple effect on these investments.
Here’s how a C.D.O. (…)
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Whats a C.D.O. (Collateralized dept obligation)?
17 March 2009 par (Open-Publishing)
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G20 - the possible end of world independence
14 March 2009 par (Open-Publishing)
G20 - the possible end of world independence
Citibank and JP Morgan have been profitable in the first two months of 2009. The markets are recovering and the banking sector is leading the rally. The worst is over – or is it?
Are there hidden reasons for the manipulation of the markets by whispers and insider information in order to change the psychology of the people, especially the members of the G20 for their meeting in April? Is that behind all of the urgent telephone calls and (…) -
It Goes Uppity Up,Up
12 March 2009 par (Open-Publishing)
By David Glenn Cox http://theservantsofpilate.com
The last pillar of faith is a fanatical belief. Despite all logic, is this reliance on some unseen guiding force that will rescue us. It will strike down schoolteachers with illness so that we may have another day to study before the big test. It guides rescuers to find the lost. The rescued give praise, all praise above while the rescuers just scratch their heads.
As the investment banks and brokerage houses advertise their strict (…) -
Why Stock Markets are Collapsing
11 March 2009 par (Open-Publishing)
The stock market began as a means for companies to raise money and for “shareholders to invest in business ventures and get a share of profits.” At some point, it turned into a casino resembling a Ponzi scheme, which held true until 2008 when the Ponzi scheme collapsed.
The causes for this collapse are diverse. Some of its aspects and repercussions have already been discussed here, and will be discussed further in the future. If you would like to know how far the markets have slipped, (…) -
Panic Selling Crashes Stocks Through False Bottom
19 February 2009 par (Open-Publishing)
Yesterday’s manipulated close above the false bottom at Dow 7552 could not hold, not even for a day, in the wake of unprecedented government handouts and institutional selling that nearly brought the major stock indices to their knees in the final hours of Thursday’s session. The Dow Jones Industrials finished the day at their lowest level since October 9, 2002, prior, even to the start of the Iraq War.
The best the government interlopers (through their proxies at Goldman Sachs, Morgan (…) -
US hires advisers, Rothschild firm, on auto restructuring
8 February 2009 par (Open-Publishing)
US hires advisers, Rothschild firm, on auto restructuring
by Jui Chakravorty and David Bailey
Global Research, February 8, 2009 Financial Times - 2009-02-05
The US government has retained two law firms with extensive bankruptcy experience and the investment bank Rothschild to advise officials on the taxpayer-backed restructuring of General Motors and Chrysler, a person with direct knowledge of the work said.
New York law firm Cadwalader, Wickersham & Taft LLP was hired by the US (…) -
Swiss Re tanking: After three Billion Swiss Franc investment the Warren Buffet effect failed to appear
5 February 2009 par (Open-Publishing)
Swiss Re Insurance: After three Billion Swiss Franc investment the Warren Buffet effect failed to appear, Swiss Re shares continue to drop sharply
The legendary investor in the world increases the Swiss reinsurer - and it broke the Swiss Re’s shares for an international drama today. It will not be everything to gold, what Buffett touches.
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America Faces the Music in Davos
4 February 2009 par (Open-Publishing)
By William Pfaff
The American participants in this year’s World Economic Forum in Davos, Switzerland, have been the first to confront the full international blowback to the U.S.-created world economic crisis. The crisis has devastated America’s reputation for intellectual innovation and practice in global finance, its business leadership and its domination of applied and academic economics—all promoted at the Davos forum for decades. Last Friday, a Wall Street Journal front-page headline (…) -
The Obama Crossroads: Neo-Liberal Coup or Responsible Government
2 February 2009 par (Open-Publishing)
The Obama Crossroads: Neo-Liberal Coup or Responsible Government
by Prof. John McMurtry
Global Research, February 1, 2009
When the U.S. Treasury gave away $700 billion to Wall Street banks with no strings attached in October of 2008, the Obama team gave a green light. A popular insurgence was soon silenced, with public wrath directed instead at the U.S. auto producers (and unions) who followed with a request for $25 billion. The auto companies ended up with a loan of about 1/50th the (…) -
Worse than the Great Depression
1 February 2009 par (Open-Publishing)
Worse than the Great Depression
by Dr. Krassimir Petrov
Global Research, February 1, 2009 GoldSeek.com
The mainstream media and Wall Street have reached the consensus that the current credit crisis is the worst since the post-war period. George Soros’ statement that ”the world faces the worst finance crisis since WWII” epitomizes the collective wisdom. The crisis is currently the ultimate scapegoat for all the economic evils that currently plague the global financial system and the (…)