 | Financial Crises Freeze Although John Authers seems calm and assured by the movement of the financial markets, do not be so naive Vikas Bajaj Of the New York Times recently wrote an article titled " Housing lenders Fear Bigger Wave of Loan Defaults". Bearing in mind that the financial crisis is supposedly over as uttered by numerous financial pundits considering the subprime loans have began to level off ( meaning less rate of default), Now the ALT- A loans are beginning to reset, unfortunately for many Americans, they are finding themselves in a position of negative equity, adding to the crisis, are CDO's and other securitized debt associated with such loans. Bajaj further writes in his article " While it is difficult to draw parallels among various segments of the mortgage market, the arc of the crisis in subprime suggests that the problems in the broader market may not peak for another year or two". SO much for the crisis being over soon. Perhaps the greatest statement in the article is a comment made by James Dimon (Chief Executive of JP Morgan Chase),Bajaj writes "he said he expected losses on prime loans at his bank to TRIPLE in the coming months and described the outlook for them as Terrible ". http://www.nytimes.com/2008/08/04/business/04lend.html?_r=1&scp=1&sq=Housing%20Lenders%20Fear%20Bigger%20wave%20of%20Loan%20Defaults&st=cse&oref=slogin With the SEC limiting shorts on various financial institutions,Many are wondering the true value and worth of such affiliated stocks, knowing that their value is being artificially maintained. The sheer fact that the SEC is placing bans on shorts on certain companies in itself indicated the vulnerability of such companies. Be sure to read the articles and be sure to look over the mentioned companies, because those companies are will surely make headlines in the coming days and months http://www.streetinsider.com/Insiders+Blog/SEC+Extends+Naked+Short+Selling+Order+On+Financial+Stocks,+Looks+For+Permanent+Solution+For+Broader+Market/3860370.html 2.http://www.bloomberg.com/apps/news?pid=20601103&sid=a2TrS9t34oao&refer=news Further compounding the matter are reports of numerous banks borrowing record amounts from the emergency Fed window (Which is exactly as the name implies, emergency), one should be incredibly concerned. What still surprises me is the apparent gross negligence of numerous economical pundits who still claim the worst is over (Paulson and Bernanke included) Read the article for yourself- http://www.reuters.com/article/ousiv/idUSN3163777720080731 Baja, Vikas "Housing Lenders Fear Bigger wave of Loan Defaults" Aug 4, 2008 NEW YORK TIMES NYTIMES.com http://www.nytimes.com/2008/08/04/business/04lend.html?_r=1&scp=1&sq=Housing%20Lenders%20Fear%20Bigger%20wave%20of%20Loan%20Defaults&st=cse&oref=slogin http://www.reuters.com/article/ousiv/idUSN3163777720080731 |
 | Mitt Romney America's Financial Crises http://www.mittromney.com/ Mitt Romney Commercial |
 | Ron Paul on Kudlow and Company, 07/16/08 Part 1 Kudlow praises Paul for his performance at the Federal Reserve hearings. Paul stands up for hard money and a gold standard while the panel makes excuses for Bernanke. It is time that America listens to those who have been correct about our current financial crises - the Austrian economists. No more monetarists, Keynesians, or big governments enablers! Money should be in the hands of the people, not the government! To learn more visit the Mises Instititute: www.mises.org Part 2 http://www.youtube.com/watch?v=BD11WJpJvSg www.VirginianRebel.com |
 | Ron Paul on Kudlow and Company, 07/16/08 Part 2 Kudlow praises Paul for his performance at the Federal Reserve hearings. Paul stands up for hard money and a gold standard while the panel makes excuses for Bernanke. It is time that America listens to those who have been correct about our current financial crises - the Austrian economists. No more monetarists, Keynesians, or big governments enablers! Money should be in the hands of the people, not the government! To learn more visit the Mises Instititute: www.mises.org Part 1 http://www.youtube.com/watch?v=O5vEM-FlMtg www.VirginianRebel.com |
 | I.O.U.S.A. watch in high quality http://www.youtube.com/watch?v=7xRFUKg4yOk&fmt=18 As the United States faces unprecedented financial crises, filmmaker Patrick Creadon explores just how America got to be in the economic mess that it finds itself in, eventually detailing just what the nation would have to do in order to prevent a bad situation from turning into an all-out financial disaster from which no citizen could escape. ~ Cammila Albertson, All Movie Guide |
 | Ad DISHA Financial Counselling Disha is a free financial counselling service where you are guided by experts - retired banking professionals - on various financial products and services. They will educate you on various new age financial products like credit cards and loans, impart basic money management skills like savings and budgeting and offer you guidance on dealing with financial crises. So if you need financial guidance do visit us. Rest assured confidentiality will be maintained. |
 | Obama on Freddie-Fannie:Must Protect Homeowner Not Lobbyists Barack Obama holds a press conference to address the potential government takeover of Freddie Mac & Fannie Mae mortgage companies laying out three benchmarks the government intervention must meet. "First, any action we take has to be focused not on the whims of lobbyists and special interests worried about their bonuses or hourly fees but, whether it will strengthen the economy, help stablize the housing market, and whether it will help struggling homeowners who are also being hit by lost jobs, stagnant wages," Obama stated. According to WaPo, the intervention would be the most significant takeover since the housing crisis began. http://online.wsj.com/article/SB122072588739407007.html?mod=googlenews_wsj "Any move by Treasury would represent perhaps the most significant intervention by the government in the financial industry since the housing bust touched off turmoil in the credit markets a little more than a year ago. From the $168 billion economic-stimulus package in February through the bailout of investment bank Bear Stearns Cos., the Bush administration and the Federal Reserve have taken an increasingly aggressive stance in responding to what has become one of the worst financial crises in decades. Fannie and Freddie are vital cogs in the U.S. housing market. Their troubles have threatened to worsen the bursting of the housing bubble, which has led to a surge in foreclosures. A Treasury intervention could help Main Street borrowers by keeping interest rates on mortgages lower than they would be in the event of continued instability." |
 | Ron Paul Ad #2 - :30 "Headlines" A Ron Paul ad discussing U.S. Constitution and financial crises facing America. |
 | Davos Annual Meeting 2008 - Systemic Financial Risk http://www.weforum.org/annualmeeting 24.01.2008 Systemic Financial Risk Financial markets continue to drive global growth by deepening economic connections among countries, but these linkages are also vehicles of crisis contagion. What have we learned from the sub-prime crisis and other crises in recent memory? How should policy-makers and the financial services industry work together to avert a recurrence of a similar crisis? What are the risk issues and financial innovations that require greater attention? James Dimon, Chairman and Chief Executive Officer, JPMorgan Chase & Co., USA; Co-Chair of the World Economic Forum Annual Meeting 2008 Wes Edens, Chairman and Chief Executive Officer, Fortress Investment, USA Robert M. Kimmitt, US Deputy Secretary of the Treasury Jean-Claude Trichet, President, European Central Bank, Frankfurt Chaired by James J. Schiro, Group Chief Executive Officer and Chairman of the Group Management Board, Zurich Financial Services, Switzerland |
 | Palermo Hollywood: A Tale from Buenos Aires Palermo Hollywood is a riveting and sexy high-speed urban tale about two petty crooks who are unlikely best friends from the opposite ends of the class spectrum. In the aftermath of Argentina's financial crises, Pablo (Matías Desiderio) and Mario (Brian Maya) hustle the streets by dope dealing and running small-time jobs for seedy gangsters in the trendy Palermo Hollywood section of Buenos Aires. Pablo steals to support his girlfriend and child while Mario's life of crime is an act of rebellion against his political middle-class family. The fascinating nuances of their friendship are tested when they fall under the influence of a charismatic local gangster and Mario instigates a torrid affair with Pablo's strictly off-limits and innocent young sister. It's a visually charged cinematic experience with an energetic modern tango score and a surprisingly sensual aesthetic. Director Eduardo Pinto received a Sundance 2005 Grand Jury Prize Award nomination for his first feature. (Screened at 9th International Latino Film Festival - San Francisco Bay Area) http//www.latinofilmfestival.org |
 | Max Keiser- Aljazeera English 06 July 2008 - Money supply Max Keiser interviewed on Aljazeera English before the G8 meeting in Japan. He talks about the food, oil and financial crises as having been caused by the US dollar. |
 | Turn the Housing Foreclosure Crises into Investment ... Subscribe to the free podcast at http://blog.investtalk.com Steve Peasley is a financial advisor and host of InvestTalk, a weekday program that looks at new and relevant investment topics each weekday. He answers questions about financial and retirement planning, money management as well as general concerns about the stock market. |
العربية
中国
Français
Deutsch
Ελληνική
हिन्दी
Italiano
日本語
Português
Русский
Español
