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Dagny's Desk

Dagny's Desk

Tag Archives: financial

More on the Credit/Banking Crisis

05 Tuesday Aug 2008

Posted by Dagny Gromer in Economics, financial

≈ Leave a comment

Tags

econonics, financial, redit crisis

http://www.prudentbear.com/index.php/GuestCommentaryHome

Unlikely it’s different this time via kwout

John Hussman on Why the Credit Crisis is So Bad.

21 Monday Jul 2008

Posted by Dagny Gromer in Economics, financial, Political

≈ Leave a comment

Tags

credit crisis, ecoomics, financial

http://www.hussmanfunds.com/wmc/wmc080721.htm

Hussman Funds – Weekly Market Comment: How the War, Tax Cuts and the Swaps Market Debased the U.S. Financial System – July 21, 2008 via kwout

This is a long article and not an easy read, but well worth the effort. BTW I have a substantial portion of my IRA invested in the Hussman Funds.

2nd Largest Bank Failure in US History Today

11 Friday Jul 2008

Posted by Dagny Gromer in Economics, financial

≈ 2 Comments

Tags

banks, economy, financial

http://news.yahoo.com/s/nm/20080712/bs_nm/indymac_dc_4

Regulators to run IndyMac until buyer found – Yahoo! News via kwout

All that is missing is the sound of the trumpet and the appearance of the four horsemen for the banking system.

Update 7/14/2008: More info.

After Mortgage Bubble Bursts, Regulators Decide to Act

09 Wednesday Jul 2008

Posted by Dagny Gromer in Economics, financial

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Tags

debt bubble, financial, mortgage

http://www.latimes.com/business/la-fi-housing9-2008jul09,0,7563048.story

Federal regulators prepare to tighten mortgage rules – Los Angeles Times via kwout

Where were these geniuses when the bubble was inflating? What’s the saying? Close the barn door after the horse has departed.

New thing in mortgages: walking away

12 Tuesday Feb 2008

Posted by Dagny Gromer in Economics, financial, life

≈ Leave a comment

Tags

financial, foreclosure, life, mortgage, real estate

http://www.youwalkaway.com/

Should You Walk Away? – Educate Yourself On Your Rights If You Face Foreclosure. Our Website Can Help You. via kwout

There’s a web site called youwalkaway.com that tells people how they might benefit from mortgage foreclosure. Strange what one can stumble upon on the web, isn’t it? My own take is that people who were trying to get something for nothing by flipping houses and are now in financial difficulty earned what they’ve received. And for lenders who loaned money to those they should have known could not pay it back, well, these lenders are not going to be paid back.

I hope that these losses are not socialized to those of us who were honest and responsible. But I suspect some kind of federal bailout is coming our way, at our expense of course. This is even more likely if we wind up with a Democratic president and a Democratic congress. I’m glad I own gold 🙂

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