The Icelandic economy was hit hard by the global economic and financial crisis that started in the fall of 2008. During this crisis the three largest banks all collapsed and many other smaller banks and companie
California, which earned scathing comparisons to the now-defunct solar panel company Solyndra from the Romney camp this summer during one of its campaign stops. Solyndra went bankrupt in 2011 owing more than $500 million to taxpayers from another Department of Energy loan ...
Both the House and the Senate are pushing to expand an already-bankrupt Social Security program by giving extra money to retired state and local bureaucrats. I’m not joking. Here are some excerpts from a column by Andrew Biggs of the American Enterprise Institute. The United States Senate is...
Lehman Bros went bankrupted in the 2008 financial crisis. True or False? Were most Republicans in favor of bailing out the financial institutions during the financial crisis? Many investors that purchased mortgage-backed securities just before the credit crisis believed that they were ...
By investing “heavily” in private-label securities in 2004 and 2005, the companies “significantly increased their exposure to fair value losses from changes in market prices,” Ofheo said. Structured investment vehicles and securities firms, battered by $452 billion in asset writedowns and credit...
is a must-read if you want to get knowledgable about the crisis.When the book ended on its last page, some thoughts started to echo in my head. For a long time, I am not a fan of financial companies, which I don’t mean the traditional and conventional banks that borrow and lend ...
00:08:30 The odd company that went bankrupt would need to get sold. But there wasn’t an active m and a business, there wasn’t a leveraged finance business. All the things we know now. So when I was at Goldman Sachs doing m and a from 83 to 85, there came to be some people...
Dear Reader,Arriving in Chandler, Arizona two days ahead of our Casey Research Summit, I found myself with a bit of leisure time available.
This explains the REAL REASON why so many “Wall Street Banks” became technically bankrupt within a few days after Lehman Brothers went bankrupt. That was NOT a coincidence! Wall Street’s “Credit Default Swap” SCAM! This is my take on Wall Street’s near financial collapse in the fall ...
However, the limits to the FDIC's mandate and the existing US resolution regime became apparent as the investment bank Lehman Brothers went bankrupt, and investment bank Bear Stearns and insurer AIG had to resort to Federal Reserve emergency support (Klein, 2017). These insti- tutions were ...