One of the mysteries of the financial crisis is how mortgage investments that turned out to be so bad earned credit ratings that made them look so good.
One answer is that Wall Street was given access to the formulas behind those magic ratings — and hired away some of the very people who had devised them.
26 April 2010. Andrew Gordon is the Editor of Investor’s Daily Edge, as well as editor-in-chief of three monthly investment research services.
The little item we’re going to bring you in a moment illustrates two important points:
the first is how incredibly close and fast-moving the “revolving door” is between the power centers in Washington DC & Wall Street;
The little item we’re going to bring you in a moment illustrates two important points:
The German labor market has been surprisingly bulletproof during the economic downturn,
outperforming the United States and already beginning to tick downward, falling to 8.5 percent in March from 8.7 percent a year earlier.
The German labor market has been surprisingly bulletproof during the economic downturn,
So much for the euphoria over the ‘solution’ to the Greek crisis with the announcement of the EU-IMF bailout. The markets weren’t really convinced, and Greece’s interest rates had been ticking up.
By David Caploe PhD, Chief Political Economist, EconomyWatch.com
It’s far too early to say anything definitive, of course, but we couldn’t help but be struck by how quickly major structural elements of
By David Caploe PhD, Chief Political Economist, EconomyWatch.com
While we’re still recovering from the two full days of intense concentration that went into our latest Feature Analysis on the Goldman / SEC situation,
it gives us a chance to share with you some of the “In the News” items that have been accumulating over the past few days … 😉 … [br]
Still exhausted from having finished an extensive “Featured Analysis” of the SEC’s civil – not criminal – indictment of Goldman Sachs for its “double dealing” in the US housing market,
Having just finished our “Featured Analysis” of the SEC’s civil – not criminal – indictment of Goldman Sachs for its “double dealing” in the US housing market,
Having just finished our “Featured Analysis” of the SEC’s civil – not criminal – indictment of Goldman Sachs for its “double dealing” in the US housing market,
How appropriate that we have received on the weekend after the SEC’s civil – not criminal – indictment of Goldman Sachs for its “double dealing” in the US housing market [br]
How appropriate that we have received on the weekend after the SEC’s civil – not criminal – indictment of Goldman Sachs for its “double dealing” in the US housing market [br]
