Financial Crisis

Finances by JT2016

Credit Card Rates Hit Highest Level in 9 Years

By Dow Jones Newswires-Wall Street Journal Posted Aug. 23 at 6:22 a.m. Interest rates continue to tumble for the U.S. Treasury, companies and home buyers alike. But for a large portion of 381 million U.S. credit-card accounts, borrowing rates have been moving only one way: up. And average rates are likely to climb further soon. […]

Tullycast by JT20162016

Mos Def, Salman Rushdie and Chris Hitchens on RealTime with Bill Maher

TULLYCAST

Politics by JT20162016

Bill Maher’s Real Time | March 27, 2009

Barack Obama by JT20162016

Stiglitz Calls Bad Bank Idea “Cash For Trash”

BLOOMBERG Feb. 1 (Bloomberg) — Nobel laureate Joseph Stiglitz said any decision by President Barack Obama to establish a so-called bad bank to rid financial companies of toxic assets risks swelling the national debt. Obama’s administration is moving closer to buying the illiquid assets currently clogging bank’s balance sheets and preventing them from boosting lending, […]

Financial Crisis by JT20162016

Iceland Economy Melts Away Like an Owsley Gooniebird

Iceland is all but officially bankrupt INTERNATIONAL HERALD TRIBUNE International Herald Tribune Iceland is all but officially bankrupt By Eric Pfanner Thursday, October 9, 2008 REYKJAVIK: People go bankrupt all the time. Companies do, too. But countries? Iceland was on the verge of doing exactly that on Thursday as the government shut down the stock […]