credit crunch

Accountability from bushytailedfox 291 days old

[ ... ] in the middle of the Credit Crunch, banks are the obvious target, but there are plenty more out there. But let's look briefly at three fiancial ...

Begging by (three) corporate jets. Or how the other 0.5% live from bushytailedfox 356 days old

Ford fires 51,000 workers and flies to Washington by private jet to beg for 23 billion dollars. Jaw dropping, isn't it?   Btw they are asking Gordon ...

Lose your home, lose your kids. Or life down under. from bushytailedfox 395 days old

I just watched a BBC World News package on the Australian housing market. They were talking about how the average price of an Australian house is so ...

The Peoples Bank of Barclays from bushytailedfox 395 days old

So, how come Barclays can bid for bits of Lehman Brothers without having enough capital to be a viable bank? You know it makes sense But before they ...

The Libor rate from bushytailedfox 396 days old

The Libor rate is the average interest rate charged by banks when lending to each other. It should be near the Bank of England inter-bank rate, which ...

Progress of a sort from bushytailedfox 396 days old

I gather from a combination of BBC news and the Guardian today that perhaps the government is in fact to take a seat on the boards of banks that we bail ...

Is it fair? from bushytailedfox 401 days old

I was watching CNN this morning (I know, I know but you should see the alternatives on daytime TV in Canada) and they were asking if it was fair that ...

The bailout's not socialism from bushytailedfox 409 days old

Dear American Right, the $700 billion bailout is not socialism, which apparently you think it is. Socialism is sitting over here, watching you cut off ...

Shareholder Responsibility from bushytailedfox 410 days old

All these banking problems raise an interesting question about shareholder culpability. We seem to have reached the point where we all own shares directly, ...

The Peoples Bank of Bradford and Bingley from bushytailedfox 410 days old

So that's another ex building society nationalized then. So do we move on next to RBS and Lloyds TSB? Will Hutton in the Guardian today was saying ...