“The watchdog overseeing the federal government financial bailout says the government’s maximum exposure to financial institutions since 2007 could total nearly $24 trillion, or about $80,000 for every American.
July 22nd, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "bankers"
Bankers Going Galt
Why aren’t the banks lending locally and what are they doing instead? Well, they’re probably terrified that commodity prices won’t recover any time soon, rendering the collateral posted by mining companies worth a lot less. Or, worried about future losses in commercial property, the banks are saving up for a rainy day.
March 31st, 2009 | Dan Denning | 19 comments | Continued
Bankers Pull Another Fast One
Everybody wants to kick the bankers when they are on the ground. Heck, we’d do it too…but the crowd around them is so thick; we can’t get a boot in edgewise. Besides, there are bigger charlatans still standing. After all, bankers were just doing their jobs – separating fools from their money. What about those who were supposed to be protecting the fools?…
February 16th, 2009 | Bill Bonner | 5 comments | Continued
Wall Street Bankers: The World’s Most Privileged Outcasts
Today we turn our attention to the world’s most privileged outcasts. “Once envied, Wall Street bankers are now mocked,” says a headline at the International Herald Tribune. So many people are getting on the bankers’ case; we’re beginning to feel sorry for them. After all, what did they do wrong? Well…
February 5th, 2009 | Bill Bonner | 1 comment | Continued
Patching Up The World With Golden Glue
It was in the Wall Street Journal, in their “Best of WSJ.Com’s Money Blogs” where I got the news that “As any private banker will tell you, the wealthy have become gold bugs. They are buying futures, gold bars, just about anything made from the shiny stuff.” Personally, this was surprising, since I didn’t know how or why bankers would know what the wealthy are doing, especially as concerns gold, but maybe this is because my relationships with my bankers are always frosty for one reason or another…
January 27th, 2009 | Mogambo Guru | 0 comments | Continued
