All posts tagged "subprime"
-
Alan Greenspan and Ben Bernanke: Portraits of Extreme Ignorance and Incompetence
While Alan Greenspan was asleep at the switch, a bubble of historic proportions was allowed to grow out of control and swamp the global economy in toxic debt and derivatives. Greenspan is now trying to shift blame...
- Posted February 17, 2009
-
60 Minutes Piece: 2nd Wave of Mortgage Meltdown on the Way
Whitney Tilson was on 60 minutes last night talking about the coming wave of Alt-A and Option ARM resets heading our way. While the peak in sub-prime ($1 trillion) has already passed, another bigger wave totaling $1.6...
- Posted December 15, 2008