Monthly Archives: June 2010

 Panel examines role of derivatives in crisis – The complex instruments at the heart of the financial meltdown, and the way two giant companies were wrapped around them and entwined with each other, are being examined by the special panel investigating … Continue reading →

Video: David Axelrod Unedited Interview – TheDailyShow – Jon Stewart- In this complete, unedited interview, David Axelrod details the Obama administration’s progress on health care and financial reform.   Pensacola Beach Covered In Oil Again (Video)   Deliberate Oil Cover … Continue reading →

John Boehner: Raise Retirement Age To 70; Wall Street Reform Is Like ‘Killing An Ant With A Nuclear Weapon’ -House Minority Leader John Boehner (R-Ohio) believes that a "political rebellion" akin to the American revolution of 1776 is brewing, that … Continue reading →

  Quote GOP’s Boehner Says Political Rebellion Is Brewing And That We Should Jack Up The Retirement Age To 70 – House Minority Leader John Boehner thinks that all this talk about financial regulation is ridiculous and that a "political … Continue reading →

Europe’s banks are still on ‘life support’, BIS warns –Europe’s banks have yet to come clean over bad loans and may struggle to refinance short-term debt unless the region’s bond crisis subsides soon, the Bank for International Settlements (BIS) has … Continue reading →

In defense of bloggers on the economy Marginal Revolution: How hard is economics? Signal and Noise in Economics Writing, Arnold Kling | EconLog | Library of Economics and Liberty Matthew Yglesias » Do I Have Anything Interesting to Say? TheMoneyIllusion … Continue reading →

Betting That Cutting Spending Won’t Derail Recovery: The world’s rich countries are now conducting a dangerous experiment. They are repeating an economic policy out of the 1930s — starting to cut spending and raise taxes before a recovery is assured … Continue reading →

Roubini on CNBC’s The Kudlow Report: Is the Recession Heading for a Double-Dip? CNBC: The Kudlow Report — Crisis Economics: Discussing whether the recession is headed for a double-dip, with Nouriel Roubini, Roubini Global Economics chairman.  (Click for Video [6:48]) … Continue reading →

Is it time to sink the sunk cost? – Former President Bill Clinton said during a panel discussion in South Africa that it may become necessary to blow up the Deepwater Horizon well that continues to spew oil into the Gulf … Continue reading →

Consumer Confidence Plummets in June – From the Conference Board: Consumer Confidence Index® Drops Sharply The Conference Board Consumer Confidence Index® which had been on the rise for three consecutive months, declined sharply in June. The Index now stands at 52.9 … Continue reading →