Intravenous Finance

Governments around the globe launched aggressive schemes with speed induced by shear panic over the weekend in order to stop the global financial meltdown. Central banks in Europe and America will now guarantee a veritable stew of rotten bank loans and governments will purchase equity stakes in many of these retched and limping debt-peddling institutions.
The [...]

2007: Naughty Banks Spanked- by Greg Strid

The meltdown in the market for subprime mortgage
securities is fast unraveling into a banking crisis that
threatens to drag the American economy into recession.
During the final stretch of the greatest housing bubble
in American history, financial institutions were tripping
over themselves to extend excessive amounts of credit
to prospective buyers that were lacking in both
qualification and responsibility.
No document loans, [...]

The Dow Rocket- by Greg Strid

How about that stock market? In two days the Dow
Jones Industrial Average rocketed higher by over 500
points. On Wednesday alone it added 330 points, or 2.55
percent. That same wonderful day, the tech-heavy
Nasdaq rose by 3.18 percent, and the broader Standard
and Poor’s 500 index increased by 2.86 percent.
The catalyst for this explosive rise in prices [...]

Wackovia – A Cartoon

House-slide- by Greg Strid