Category Archives: Toxic-Assets

Been Down So Long It Looks Like Up To Me

Sometimes good days are hard to manage – you don’t know what to make of them. You’re suspicious. Been Down So Long It Looks Like Up To Me – the famous novel by Richard Fariña – had a great title … Continue reading

Posted in Bank Bailouts, Blame for Economic Crisis, Capitalism Disappearing, Causes of Financial Meltdown, Class Warfare, Economic Confidence, Financial Meltdown, Geithner Plan to Rescue the Financial System, Geithner's Toxic-Asset Action Plan, Major Banks Actually Insolvent, Major Market Rally, Managing America's Anger, Nationalizing the Banks, Populist Rage, Timothy Geithner, Toxic-Assets | 1 Comment

On Being Told Things Are Worse Than You Ever Imagined

It was the usual Saturday morning call from the friend who used to work on Wall Street and doesn’t anymore – that’s happened to a lot of people – and, after chat about friends and family and music and photography, … Continue reading

Posted in AIG Bailout, AIG Bonus Scandal, Credit Default Swaps, Economic Confidence, Economic Fear and Panic, Financial Meltdown, Geithner's Toxic-Asset Action Plan, Saving the Banks, Toxic-Assets, Worse than the Great Depression | Leave a comment