Bloomberg Magazine, in “Unsafe Havens”. (Hat tip to Naked Capitalism.) reports that money market funds run by Bank of America Corp., Credit Suisse Group, Fidelity Investments and Morgan Stanley owned over $6 billion of CDOs with subprime debt in June. The reason this is a serious issue is that money market funds have a $1 […]

This is just a little visual fun. Think about that saying “a billion here, a billion there, soon you’re talking about real money”. Personally, I think visuals like this need to be circulated more frequently so that people have a better understanding when the government or business speaks dollar amounts. It might help them pause […]