What happened to AIG – from the World’s largest Insurance and Financial Company to a penny stock. AIG was a very successful insurance company until it entered the shadowy world of Hedge Funds and Sub-prime Mortgage lending. Incredibly risky Sub-prime mortgages were sold . Those mortgages were then “bundled” and resold in groups to investors all over the [...]
Filed under: Bailout, Banking Crisis, Financial Crisis | Tagged: AIG BAilout & Hedge Funds, IAG and Transparency, Where are the Taxpayer Dollars Going | 1 Comment »
Short selling is a form of speculation that allows a trader to sell securities that he does not own, effectively taking a “negative position”. Short sellers bet that a stock’s price will fall so that they can profit from it
Filed under: Economic Crisis, Financial Crisis, Stock Futures, Stock Market | Tagged: "Short sales", DJIA, Stock Market | Leave a Comment »
The Mortgage and Financial Crisis – A video on how we got here.
Filed under: Bailout, Banking Crisis, Financial Crisis, Mortgage Crisis | Tagged: Corruption, Financial Crisis, Mortgage Crisis | 1 Comment »
When FDIC head Shelia Bair says her agency might have to bolster the FDIC’s insurance fund with Treasury borrowings, you might assume there’s an actual FDIC fund. Former FDIC chairman, Bill Isaac, points out here, the FDIC Insurance Fund is an accounting fiction.
Filed under: Banking, Banking Crisis, FDIC Insurance, FDIC Insurance Fund Myth, Financial Crisis | Tagged: Additional Fees Charged To Small Banks Go To General Fund, FDIC's Insurance Fund Myth | Leave a Comment »
