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Stock Market Long Term Valuation

This mornings Wall Street Journal article on the stock markets lost decade gives me an excuse to publish one of my favorite charts– the really long term history of the…

Alternatives to meltdown

…crisis, when the Wall Street rich are begging for the helping hand of the government, most progressives appear to be on the sidelines. Rather than taking advantage of this extraordinary…

Another viewpoint on Bear Stearns and the FED

…in this close-out sale, with British billionaire Joseph Lewis alone reportedly enduring paper losses of $800 million on his 9.6% stake. Even on Wall Street, that’s real money. Jimmy Cayne,…

Bail or re-sell after the bums are kicked out?

…being crafted in Washington, you will. Bear Stearns, one of the longstanding giants of Wall Street investment banking, is now on life support, the victim of its own excessive greed…

Good news for borrowers

Salon notes the WSJ article on smart customer planning for borrowing. Wall Street Journal’s Robin Sidel explains that home equity credit lenders are stuck in a tough place when homeowners…

Where DID the money go? Part 3

…that they were looking into whether Wall Street brokerage firms, like Merrill Lynch and UBS, “deliberately misvalued, or ‘mismarked,’ massive holdings of mortgage securities.” Further, the U.S. Justice Department is…

Buffet wants to "soak the rich" too?

…Tuesday night. The talk, given to about 600 Wall Street bankers and money managers, raised at least $1 million for Clinton’s presidential campaign,… Buffett said that he and other privileged…