National Debt Clock
Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Wednesday, May 20, 2009

Inside the Financial Meltdown

http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

Fairly unbias factual account on what occured during the financial meltdown beginning in the spring of 2008.

Thursday, May 14, 2009

Administration in Early Talks on Ways to Curb Compensation Across Finance

http://online.wsj.com/article/SB124215896684211987.html

"Government officials said their effort, which is just beginning, isn't aimed at setting pay or establishing detailed rules. 'This is not going to be about capping compensation or micro-management,' said an administration official. 'It will be about understanding what is the best way to align compensation with sound risk management and long-term value creation.' "

So now the government knows how to run banks? I didn't know we elected them based on that criteria.

Monday, March 30, 2009

Russia Backs Return to Gold Standard to Solve Financial Crisis

http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

Genius. Having money backed by something of actual value, what a concept! Notice in the article how it says that the gold standard failed only when countries spent beyond their means. Perhaps that would be a good limiter on government spending. Now it does say that Russia backs a gold standard for the in global currency, which I am not for, but the notion of bringing back the gold standard is appealing.