Viewing Economy Links
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- The End of the Financial World as We Know It
- The New York Times - Added:January 6, 2009
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- A great two-parter on what went wrong and what can be done about it (though the tone is resigned to the fact that it's unlikely those things will be done).
- Spit when you say, 'Madoff'
- Slate - Added:January 5, 2009
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- The view from Palm Beach -- "ground zero of the madoff affair."
- Portraits of Autoworkers
- Time - Added:December 26, 2008
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- Nice photo essay by Time.
- Credit Suisse to Use Illiquid Assets to Pay Bonuses
- Bloomberg News - Added:December 19, 2008
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- This is interesting: Credit Suisse is paying top executives bonuses in the form of bad debt that's gotten us into this mess (rather than just handing them cash).
- Limits on Executive Pay May Prove Toothless
- The Washington Post - Added:December 15, 2008
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- So much for limiting those golden parachutes.
- Top Trader Is Accused of Defrauding Clients
- The New York Times - Added:December 12, 2008
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- This alleged fraud scheme -- losses estimated at $50 billion!! -- seems emblematic of the whole current mess.
- Better Than A Bailout
- The New Republic - Added:December 2, 2008
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- A detailed rescue plan that would (theoretically) force the auto companies to make necessary changes while also keeping them out of bankruptcy.
- U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit
- Bloomberg News - Added:November 25, 2008
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- Here, read this while I pick my jaw up off the floor: "The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago."
- The Citigroup Bailout
- Economist's View - Added:November 24, 2008
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- A roundup of analysis of the latest bailout. The consensus: Not a very good deal.
- Citi, AIG Won't Drop Big Sports Sponsorships
- ABC News - Added:November 24, 2008
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- Well that's just swell: A bunch of banks taking taxpayer money think it's no problem to keep paying millions of dollars to put their names on stadiums.