by cactus Well Functioning Markets “My first instinct was to let the market work, until I realized … how significant this problem became.” GW Bush A year ago, many investment banks were having their most profitable year ever and the geniuses on Wall Street were making enormous bonuses. The profits were being generated by effectively […]

by Noni Mausa Each Seller has a Buyer — So Who Are The Sellers, Who the Buyers? Stocks are changing hands like monopoly money, so far as I can see. The values may rise or fall, but the numbers of stocks stay the same more or less, right? So, do we know who the sellers […]

Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. […]