Financial Meltdown


	Financial Meltdown

abailart

3-11-2008 5:56 AM

198 views

tags:

economics, us depression

abailart says:

Figures and full scenario in article

3 Comments |

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3-11-2008 9:31 PM

carrerinyes

3-14-2008 4:55 PM

davboz

Recommendation - Keep research on economy balanced. Don't read ONLY the most radical, dire alternative sources. (Not saying your source here is. ......Just a general thought.)
Filter THAT media just as you do the blinders-on, pro-WallStreet, happy-horsecrap,simpleton CNBC hype.

3-14-2008 8:38 PM

abailart

Good advice generally. About anything.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5953f72e-2824-4b6f-9eee-c2c8463ee513/8F0FA583-7116-436B-8346-FB89B613B3B8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/03/10/opinion/10krugman.html?em&ex=1205380800&en=e5afac97ce5b8acf&ei=5087%0A" href="http://www.nytimes.com/2008/03/10/opinion/10krugman.html?em&ex=1205380800&en=e5afac97ce5b8acf&ei=5087%0A" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/10/opinion/10krugman.html?em&ex=1205380800&en=e5afac97ce5b8acf&ei=5087%0A"><P>The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to saying that we’re in the midst of a financial meltdown.</P><P></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/10/opinion/10krugman.html?em&ex=1205380800&en=e5afac97ce5b8acf&ei=5087%0A"><P>Mr. Geithner described a vicious circle in which banks and other market players who took on too much risk are all trying to get out of unsafe investments at the same time, causing “significant collateral damage to market functioning.”</P><P>A report released last Friday by JPMorgan Chase was even blunter. It described what’s happening as a “systemic margin call,” in which the whole financial system is facing demands to come up with cash it doesn’t have. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8F0FA583-7116-436B-8346-FB89B613B3B8/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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