On the Brink: Inside the Race to Stop the Collapse of the Global Financial System – Newsweek.com

Posted by Matt in February 18th, 2010 | no comment

Published in Financial, AIG, Bear Stearns, Brink, Collapse, Fannie Mae, Fannie Mae And Freddie Mac, Financial Crisis, Freddie Mac, Global Financial System, Great Depression, Henry M Paulson, Henry M Paulson Jr, Henry Paulson, Lehman Brothers, Mayhem, Modern Memory, Newsweek, Rationale, Tenure, Treasury Secretary

Henry Paulson’s tenure from July 2006 to January 2009 was the most volatile and demanding of any Treasury secretary in modern memory. Under his watch, the government faced the greatest financial crisis since the Great Depression. He presided over the bailouts of Bear Stearns, AIG, Fannie Mae and Freddie Mac, yet allowed Lehman Brothers to [...]

7 Reasons Why the Big, Bad Bear Will Return

Posted by Matt in April 8th, 2009 | 1 comment

Published in Economy, AIG, Amount Of Money, Bad Trades, Bank Bailout, Banking Crisis, Conflicts Of Interest, Credit Bubble, Cronyism, Financial Advisors, Financial Institutions, Financial Muscle, Fiscal Sanity, Global Recession, Goldman Sachs, Great Depression, Housing Market, International Monetary Fund, International Monetary Fund Imf, Jp Morgan, Rat Hole, Slippery Slope

Reason #1: The Banking Crisis Still isn’t Fixed … It’s Getting Worse!
Reason #2: Job Losses are the Worst Since the Great Depression
Reason #3: The Deleveraging of the U.S. Credit Bubble Has Already Begun. And It isn’t Pretty …
Reason #4: Credit Cards are Imploding
Reason #5: It’s Probably WA-A-A-AY Too Soon To Call a Bottom in the [...]

AIG crisis could be tip of an insurance iceberg

Posted by Matt in March 30th, 2009 | no comment

Published in Economy, Financial, AIG, Financial Crisis, Global Financial Crisis, Insurance Crisis

The company’s situation reflects problems throughout the life insurance industry as investments suffer. Further strain could bring about a second financial crisis.
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The company’s situation is emblematic of problems across the life insurance industry, which is suffering deep losses on investments that underlie policies for millions of American families.
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