Wake up, America! We’re on the brink of a financial meltdown.
Got your attention yet?
That’s the outlook for supporters of the soon-to-be released documentary entitled: I.O.U.S.A.: One Nation. Under Stress. In Debt., which centers on the shape and impact of the United States national debt.
As described on their website, this documentary boldly examines the rapidly growing [...]
video
I.O.U.S.A. the Movie
Money’s Too Tight To Mention
http://www.youtube.com/watch?v=bREgcLhTHI0
Seemed appropriate at this economic juncture.
John Bogle’s Predictions
Looking for something to blog about while I wait for the markets to fall further, I came across Bill Moyers Journal video interview with John Bogle conducted back in September, 2007, concerning the financial state of our society.
According to a transcript excerpt from that interview:
But you don’t have to be an economist to know that [...]
Recession: The Movie
http://www.youtube.com/watch?v=x4OOCReeLWo
Now playing everywhere.
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CNNMoney.com: Bear scare on Wall Street
Briefing.com: Weekly Wrap
The Vanguard Group: Economic Week in Review
InvestmentNews: Not your average bear market
In Memoriam: George Carlin
As a tribute to George Carlin, one of my favorite comedians, I was going to write a post entitled: Seven Words That You Can’t Use On Wall Street, but it seems that someone already beat me to the punch.
Just as how inefficiencies in the stock market are quickly capitalized upon, so are inefficiencies in the [...]
Subprime Responsibility
I was reading Treasury Secretary Paulson’s: Remarks on U.S. Housing Market before FDIC’s Forum on Mortgage Lending to Low and Moderate Income Households, and wanted to point out an excerpt from that speech which negatively caught my attention:
..Due to the lax credit and underwriting standards of the past years, some people took out mortgages they [...]