Category Archives: Special Reports

Noted Economist, Satyajit Das, Compares World Economic Crisis To “A Giant Forest Fire That Cannot Be Extinguished”

Posted on October 6, 2008 by Mike Bock

Satyajit Das, author of “Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives,” writes a distrubing article posted on the NPR web-site. Excerpts from the article: In the Arabian Nights, the beautiful princess Scheherazade buys one … Continue reading →

Posted in Special Reports | Leave a comment

Fannie And Freddie Not Responsible For Housing Bust; Affordable Housing Goals Not At Fault

Posted on October 6, 2008 by Mike Bock

To hear some conservative commentators, like George Will, our financial crisis was caused by Fannie Mae and Freddie Mac irresponsibly making shaky, high risk housing loans to low income people. I spent some time with Google and I found that … Continue reading →

Posted in Special Reports | 11 Comments

“We Learned A Terrible Lesson,” Only One Person Questioned Fateful 2004 SEC Decision Unleashing Investment Banks

Posted on October 3, 2008 by Mike Bock

Great article in The New York Times today: “The Reckoning,” written by Steven Labaton, says the current Wall Street disaster traces back to a key meeting on April 28, 2004 of the Securities and Exchange Commission (SEC). At that meeting, … Continue reading →