Instead of allowing capitalism to fix the problem, the feds made it worse. They gave more money to the very institutions and managers who had proved they couldn’t be trusted with it.
We don’t want to rehearse the whole sequence of events that got us to where we are. But it’s important to understand what happened.
All Posts Tagged With: "lehman bros"
How a Deficit in Capitalism Helped Engender the Financial Crisis
Trading Inside With the Feds
Since the beginning of time, the insiders have always had an advantage. That’s why people want to be insiders; they know that’s where the money is.
In actual fact there’s a very special form of ‘inside trading’ going on where the feds and the insiders work together.
November 17th, 2011 | Bill Bonner | 0 comments | Continued
Trade of the Decade: Sell Stocks and Buy Gold
So about 10 years ago, when I first started working with Bill, he came up with this idea for a Trade of the Decade. It was really just a literary device. But it ended up being a brilliant investment call.
March 30th, 2010 | Eric J. Fry | 1 comment | Continued
USA Has Fives Times As Much Sovereign Debt As All the PIIGS Put Together
The PIIGS owe $2 trillion, which might need to be restructured. Yes, dear reader, the sovereign debt problem is a big one – much bigger than Bear Stearns, Lehman Bros. and AIG.
February 10th, 2010 | Bill Bonner | 0 comments | Continued
Bond Market Could Crash Any Time
The US is borrowing more money than ever before – trillions more. With such a huge increase in supply, demand…and prices…it should crack, sooner or later.
January 11th, 2010 | Bill Bonner | 4 comments | Continued
Short-selling of Financial Stocks
“Unbridled short selling is contributing to the recent, sudden price declines in the securities of financial institutions, unrelated to true price valuation,” said SEC chairman Christopher Cox…
November 27th, 2009 | Adrian Ash | 0 comments | Continued
The Final Blow-out Phase of the Gold Bull Market?
Of course, we don’t know any more than any other human being knows. But we’ve been watching Mr. Market for a long time. And we’ve come to the conclusion that he’s an SOB.
November 25th, 2009 | Bill Bonner | 2 comments | Continued
China Rises While United States Declines
“The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society,”
October 1st, 2009 | Bill Bonner | 9 comments | Continued
Ben Bernanke is a Victim of the Trade
This week, Ben Bernanke got the nod for another stint as head of the world’s most important central bank. Yes, he completely misunderstood the implications of the hugely negative US trade balance, believing that America did the world a favor…
August 31st, 2009 | Bill Bonner | 0 comments | Continued
Gold Bought by Some of America’s Most Successful Investors
David Einhorn, the hedge fund manager who predicted the downfall of Lehman Bros., recently bought gold for the first time. And then there is John Paulson, the guy who made billions of dollars by correctly anticipating the housing bust and credit crisis.
May 1st, 2009 | Chris Mayer | 20 comments | Continued
Lehman’s Turn to be Rescued
Ten years ago, the New York Federal Reserve Bank called upon Lehman Bros. and a handful of other major players on Wall Street to rescue a high-flying hedge fund…
September 16th, 2008 | Bill Bonner | 1 comment | Continued
