Sallie Mae and Our Environment

Over the weekend I read an article about the college loan fund Sallie Mae. The article told the story of a father and son. The son wanted to be a Marine, so Dad said ok, but go to college first. He went to college, double majored in engineering, graduated and enlisted to join the Marines. [...]

A Letter to Representative Barney Frank

Dear Representative Frank,
I’ve watched the evolving mortgage crisis from both near and afar. Near, in that I interestingly had taken a small mortgage on a piece of property before our financial meltdown…and it happen to be sold to IndyMac Bank. Afar, in that I follow trends in the real estate business very closely because of [...]

Cash for Trash

This is a wonderful article by economist Joseph E. Stiglitz, about the evolution of our current financial crisis. A very concise history written in an ethically sound manner.
http://www.truthout.org/121008R

The Process of Creative Destruction

I’m concerned that our national bailout and stimulus processes are manipulating the ‘creative and destructive’ processes that are fundamental to dynamic free economies. It’s not just about protecting executives that ought not to be protected (although I think we need to have a new generation of executives that ‘think’ differently about economics)…..my concern is that [...]

Why I’m Not Worried About Inflation…

I yesterday became aware of the weblog and writings of Sharon Astyk…
Well, I wish I could take the credit for having constructed a brilliant analysis, but really, the best answer I can give is “What she said.”  That is, Ilargi and Stoneleigh have been running analysis of the credit crisis since before most people knew [...]

Obamanomics

Mr. Obama announced his economic team…and information has it that they are planning a stimulus package much larger than anyone would have envisioned….and it’s going to be ‘paid’ for by increasing the national debt.
This, in no uncertain terms, will cost our grandchildren greatly…UNLESS we use the money to completely reform our economy and our economic [...]

Hank Paulson’s Change of Direction

The market has reacted very negatively to Mr. Paulson’s change of direction with the TARP.
Here is a good explanation.
http://www.huffingtonpost.com/david-fiderer/the-simple-arithmetic-of_b_145389.html

A Visual Guide to the Financial Crisis

For those graphics freaks out there in informationland:
A Visual Guide to the Financial Crisis

And you thought YOUR finances were leveraged

The Bush Administration has borrowed more money in the last eight years than all U.S. Presidents combined have borrowed in the previous 219 years. It also borrowed more money from foreigners that all previous Presidents combined.
The U.S.audit will be released on December 15th. It is the Financial Report of the U.S. Government, issued by the [...]

Carbon Finance

An interesting update on the finance of carbon markets by the Yale Center for Business and the Environment.
Environmental-Market-Solutions-to-Climate-Change