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Tag Archives: Bear Stearns

  • Podcast

    David Stockman: We’ve Been Lied To, Robbed, and Misled

    And we're still at risk of it happening all over again
    by Adam Taggart

    Saturday, March 30, 2013, 4:42 PM

    19

    David Stockman, former director of the OMB under President Reagan, former US Representative, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC and Wall Street work and intersect better than he does.

    In his upcoming book, The Great Deformation, Stockman lays out how we have devolved from a free market economy into a managed one that operates for the benefit of a privileged few. And when trouble arises, these few are bailed out at the expense of the public good.

    By manipulating the price of money through sustained and historically low interest rates, Greenspan and Bernanke created an era of asset mis-pricing that inevitably would need to correct.  And when market forces attempted to do so in 2008, Paulsen et al hoodwinked the world into believing the repercussions would be so calamitous for all that the institutions responsible for the bad actions that instigated the problem needed to be rescued — in full — at all costs. 

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  • Blog

    Daily Digest 1/27 – Bear Stearns May Have Cheated Clients, Social Security to Run Permanent Deficits, Shelters Could Close

    by DailyDigest

    Thursday, January 27, 2011, 4:00 PM

    0
    • E-mails Suggest Bear Stearns Cheated Clients Out of Billions
    • CBO: Social Security To Run Permanent Deficits
    • Inflation? No Problem … If You Avoid Food
    • Majority of Shelters Could Close with Proposed Budget
    • Arizona Seeks Waiver To Cut 280K From Medicaid Rolls
    • Quinn Calls for Borrowing Plan
    • In U.S., One in Four Unemployed Adults in Financial Distress

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest – Apr 12

    by Davos

    Sunday, April 12, 2009, 3:02 PM

    0
    • New jobs, new trend (H/T Fred)
    • Farming the sun with the world’s largest solar plant (Graphic)
    • #77 at Amazon – I’m surprised it isn’t in the top ten!
    • Fix CNBC (Video)
    • Cramer on Frontline (Video)
    • House of Cards (Bear Stearns Book) on TDS
    • Week 16 Bank Failure #22
    • Week 16 Bank Failure #23
    • Federal Tax Receipts Off 28 Percent YoY
    • Federal budget deficit sets March record $192.3B
    • The Tax Capital of the World
    • House of Cards (Bear Stearns Book) on TDS (2 videos)
    • FSN April 11,

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  • Blog

    Frantic race to save Wall Street giant

    by Chris Martenson

    Tuesday, March 18, 2008, 2:44 AM

    0

    Horrified traders soon grasped the reality: the Fed had been forced to
    throw out four decades of monetary history in order to support Bear
    Stearns. Its justification was not that Bear was too big but that it
    was too "interconnected" to be allowed to fail with the markets in such
    as fragile state.
    This is a fascinating tale of just how
    serious the Bear Stearns event was and the political and financial
    machinery that was brought to the table to sculpt a solution.

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