The credit crisis came at the weakest possible moment of the American political cycle, the last period of an outgoing Presidency. The first serious sign that subprime mortgages were toxic came in the middle of 2007, approximately six months before the start of the 2008 primaries. The first crisis came in August 2007. When the President put the Paulson Bill to Congress, his authority was at its lowest, and he initially failed to persuade Congress to pass the Bill…
October 9th, 2008 | William Rees-Mogg | 1 comment | Continued Our DR Global Editions: 
Sunday, November 22nd, 2009
-
-
The Markets
All Ordinaries 4706.70 -61.10
S&p/asx 200 4685.80 -63.40
Sse Composite Ind 3308.35 -12.27
Crude Oil Dec 09 76.90 -0.56
Gold Nov 09 1146.40 +5.00
Nikkei 225 9497.68 -51.79
DJIA 10318.16 -14.28
S&P 500 1091.38 -3.52
Ftse 100 5251.41 -16.29
2009-11-20 00:47 Most Comments
Search
Archives
-
Recent Comments
-
Good work Winkinatcha.
I tend to favour against dollar rally...even though its on cards once again. Been waiting for a freefall ...
Lachlan Scanlan | 21Nov09 | More -
there's some rumblings going on lads.
Check it:
http://www.marketwatch.com/story/ice-investigating-spike-in-dollar-index-futures-2009-11-20
;)
winkinatcha | 21Nov09 | More -
"Goldman also received $10 billion of capital from the U.S. government in October 2008, under the Troubled Asset Relief Program."
In ...
Don | 21Nov09 | More -
3m UST bills turn negative, again! Apparently, they did routinely during the Great Depression, though Bloomberg reports "Treasury bills turned ...
Justin | 21Nov09 | More -
Yeah Ned I think it was Wierd Al who wrote a song about Prozak and his dealings with Biker....
"I know ...
Lachlan Scanlan | 21Nov09 | More -
Ever watched a dead cat bounce?
Dan | 20Nov09 | More -
Hey Biker ... Where are you? DR's gotten a bit boring lately mate. Even Prozak seems to have lost a ...
Ned S | 20Nov09 | More -
Agreed my friend - In a sane world one doesn't have to be a "rocket scientist" to have a chat ...
Ned S | 20Nov09 | More -
Ned, just that point about the world thinking immorality pays off ... actually not really. Big business knows immorality causes ...
Dan | 20Nov09 | More -
Well a society can prosper without needing a "finance industry" like the one the US has (although in all honesty ...
Dan | 20Nov09 | More
-
Good work Winkinatcha.
I tend to favour against dollar rally...even though its on cards once again. Been waiting for a freefall ...
© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2009 All rights reserved.
Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.
ACN: 117 765 009 ABN: 33 117 765 009
Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195
Tel: 1300 667 481
Fax: (03) 9558 2219