Browsing the archives for the Financial Crisis tag.

Calvin and Hobbes – Explain the Financial Crisis

Finance

I cannot get a definitive date on this comic, but it’s circulating around the internet like wildfire.  Most people agree it’s at least a few years old.
The Calvin and Hobbes comic strip is written and illustrated by Bill Watterson.
 

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Unemployment: What the unemployment numbers really mean

Government, Personal

We think this speaks for itself.  Everyone knows the government, corporations, everyone manipulates numbers to make them seem better.  It’s scary when you look at the truth behind some of these numbers.  A very interesting image by mint, originally seen on Unemployment Rate: A Visual Guide to the Financial Crisis.

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Banks Fail, Paulson Wins

Corporate, Finance

John Paulson profited more than anyone else (that we know of) during the depression/recession/crash of 2008.  He is a hedge fund manager. Â
Before we were talking about $7 billion in bailout funds, he had already cashed in a $3.7 billion payday in 2007. Â
In an article on Portfolio.com, The Man Who Made Too Much, we can [...]

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Semyon Dukach, MIT Blackjack Team: On the Financial Industry

Finance, Government

Semyon Dukach has posted on his site, Semyon.com a comparison of the modern financial industry instruments to generate revenue with the strategies used in blackjack in The real cause of the financial crisis.  Specifically he focuses on the Martingale system, which is, fundamentally, a method that masks risk and makes betting seem logical.
Semyon Dukach is [...]

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Bailout Total = $4.28 trillion

Finance, Government

CNBC has been keeping track of the total dollars spent so far on the Financial Crisis that we are seeing.
That total is, $4.28 trillion. Â
The post, Financial Crisis Tab Already In The Trillions, says “… that number is more than what was spent on WW II, if adjusted for inflation, based on computations from a variety [...]

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Banking: Hong Kong Secures its Banks

Corporate, Finance, Government, International

Hong Kong regulators, Tuesday, announced they would provide government backing for $773 billion in bank deposits in its territory’s through 2010
Â
Breakdown:

Hong Kong Monetary Authority provide capital to the territory’s 23 locally incorporated banks

Hong Kong banks average capital as a share of assets is 14 percent above the international minimum of 8 percent

Hong Kong currently [...]

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Wired Helps Explain Finance, Warren Buffet Interview

Corporate, Government

It’s a wiki that links to reference material about the financial crisis.  Great resources.
Wired.com’s wiki, Understand the Financial Crisis — has references from blogs, articles and a video of Warren Buffet.  Warren Buffet has been a very public figure over the past few weeks, both to the general public, and in helping the government figure [...]

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