Quoting the Crisis

“Some critics attack single-payer, arguing that under such a...”
— Obama’s Doctor Speaks Out for...

Jul 31st

“Before 1987, it might have been reasonable to argue that...”
— Eliot Spitzer in How...

Jul 31st

“Our HR person told me that our Blue Cross Blue Shield...”
—  Jennifer - Washington, DC...

Jul 31st

“But state regulatory filings offer a different picture. They...”
— Mary Williams Walsh in After...

Jul 31st

“Nine banks that received government aid money paid out...”
— Susanne Craig and Deborah...

Jul 31st

Why Americans hate single-payer insurance

Jul 31st

“I got a letter the other day from a woman. She said, ‘I...”
— President Obama at the July...

Jul 31st

“Every time we hear the phrase “the United States of Goldman...”
— Michael Lewis in Bashing...

Jul 31st

“Still, there are concerns that market makers, such as...”
— Michael Mackenzie in FT.com /...

Jul 30th

“So, gosh, I stand corrected, I guess. Because I thought that...”
— Matt Taibi, analyzing Heidi...

Jul 30th

Govt considers limits on energy trading -...

Jul 30th

“In private practice I was horrified to see how money was the...”
— Monte Ladner, M.D. (via...

Jul 30th

“Flash orders are also called “step up” or...”
— Nina Mehta in Flash Point

Jul 30th

“Goldman Sachs has been caught at another racket in the stock...”
— James Howard Kunstler in ...

Jul 30th

“Macro-economic policy is now being executed by the same...”
— Richard Alford in naked...

Jul 30th

“Sixteen years ago, I testified before the House Banking...”
— Martin Meyer in Jesse’s...

Jul 29th

ataxiwardance: mattpayton: - The Ghosts of...

Jul 29th

“When a baby is born too soon, it’s hard to imagine that the...”
— Preventing Preemies - Health...

Jul 29th

“Even in Europe, ultra-fast electronic trading has gathered...”
— Michael Mackenzie in FT.com /...

Jul 29th

chart-o-doom: “National New Home Sales, on a monthly...

Jul 29th

“The senior managers who built these behemoths are incapable...”
— Michael Maiello in Break Up...

Jul 29th

“From The New York Times on Sunday: Scientists Worry...”
— Jonathan Cohn in There Are...

Jul 29th

“Ms. Birks asked Bank of America about a settlement this...”
— David Streitfeld in When...

Jul 29th

“Again, the white knight was the government. It turned out...”
— Joe Hagan in Tenacious G

Jul 29th

“The rating firms’ complicity in the mortgage and...”
— Michael Hiltzik in CalPERS...

Jul 28th

“Remember back during the housing boom, when all of the...”
— Barry Ritholtz in More NAR...

Jul 28th

“The International Monetary Fund estimates that of US...”
— Jane Croft, Megan Murphy and...

Jul 28th

“Despite its exemption from bank holding company regulations,...”
— Congressmen Alan Grayson et...

Jul 28th

“The insurers claim that rescission is very rare; at the...”
— James kwak in Health Insurance...

Jul 28th

“Last week, this nation observed the 40th anniversary of...”
— U.S. Rep. Gabrielle Giffords...

Jul 28th

“About 80% of the derivative assets and liabilities carried...”
— David M. Katz in Five Firms...

Jul 28th

“The Federal Reserve has benefited for decades from the...”
— Eliot Spitzer, quoted by...

Jul 28th

“Treasury’s concern is not really the value of the dollar –...”
— Simon Johnson in Secretary...

Jul 28th

“The alleged crimes of the Brooklyn man arrested Thursday for...”
— Natasha Mozgovaya in ...

Jul 28th

continuum: Zero Hedge will attempt to categorize all the...

Jul 27th

“I’m sure health insurers have always had fraud investigation...”
— James Kwak in Health Insurance...

Jul 27th

“Not a single Wall Street executive I spoke with, including...”
— Joe Hagan in Tenacious G

Jul 27th

“More fundamentally, why would CalPERS put any money into an...”
— Michael Hiltzik in CalPERS...

Jul 27th

“She seemed very interested, and she asked me: ‘How...”
— Professor Luis Garicano,...

Jul 27th

“Before we examine this claim, let’s recall why every...”
— Michael Hiltzik in CalPERS...

Jul 27th

“Let’s say that there is a buyer willing to buy 100,000...”
— Weekend Opinionator: Is Wall...

Jul 27th

“So when you hear people like DeMint — or conservative...”
— Paul Krugman (via azspot)

Jul 27th

The Health Care Debate: Another Country Heard...

Jul 27th

(via axinomancy)

Jul 26th

“There are, however, no examples of successful health care...”
— Paul Krugman in Why markets...

Jul 26th

“Back in the early ’90s, when the insurance industry was...”
— Wendell Potter (via azspot)

Jul 26th

“If conservatives get to call universal health care...”
— Bill Maher (via ataxiwardance)

Jul 26th

“There is no evidence of job loss from previous minimum wage...”
— Kai Fillion in Fact sheet for...

Jul 26th

In the Future, the Cost of Education will be...

Jul 26th

“The long-term fall in worker buying power is one reason we...”
— Holly Sklar (via azspot)

Jul 25th

“It’s amazing the hoops the auto industry had to jump...”
— Doug Henwood (via azspot)

Jul 24th

macuyiko: The New York Times > The Thirty-Millisecond...

Jul 24th

“I’m a little tired of all this garbage about a friend of a...”
— wish i was taller (via...

Jul 24th

“Defaults on U.S. credit cards rose to a record 10.76 percent...”
— Juan Lagorio and Jonathan...

Jul 24th

“The pension plan for federal government workers lost 22.7...”
— Janet McFarland in Federal...

Jul 24th

“What does the [Economist] lead-in admit to, then (if it...”
— naked capitalism: Guest Post:...

Jul 24th

““The U.S. recession may not be coming to an end and there is...”
— The Big Picture (via...

Jul 22nd

“The periods of highest taxation of the highest incomes...”
— Should We Bring Back The 90%...

Jul 22nd

“Because Norwegians are practical, they enjoy saving money...”
— George Lakey (via azspot) ...

Jul 22nd

“Those seeking profits, were they given total freedom, would...”
— Thomas Jefferson, in an 1816...

Jul 22nd

“Neoconservative organs, neoliberal think tank pontificators...”
— AZspot | Turbocharging the...

Jul 22nd

“On the basis of a number of empirical judgments – notably,...”
— Steven Shavell in Should...

Jul 22nd

“In fact, TABB Group estimates that annual aggregate profits...”
— Rob Iati, Partner, The TABB...

Jul 22nd

“High frequency trading firms, which represent approximately...”
— Rob Iati, Partner, The TABB...

Jul 22nd

“Antitrust law was designed to prevent just this sort of...”
— Robert Reich in Goldman and...

Jul 22nd

“[Neil Barofsky, special inspector-general for the troubled...”
— Tom Braithwaite in FT.com / US...

Jul 22nd

“Large loan losses have yet to be recognized in the banking...”
— Moody report, quoted by Jon...

Jul 21st

“Revenue from income tax, national insurance, VAT, stamp...”
— Larry Elliott in Flow of...

Jul 21st

“Therefore, fixed rules that ignore changing environments...”
— Andrew W. Lo, Harris &...

Jul 21st

“Sadly, the civic incentives of the exchange were jettisoned...”
— Cassandra in Cassandra Does...

Jul 21st

“The people demand answers: it is time for Goldman and the...”
— Tyler Durden in People...

Jul 21st

“First of all, why the hell are you investing pension money...”
— An Open Letter to Pension,...

Jul 21st

“All this happy talk leads to a rise in the markets which is...”
— Despite the meltdown too many...

Jul 21st

“For one, they are reasonable analogies for a flavour of...”
— Cassandra in Cassandra Does...

Jul 21st

“A CDO is structured by a bank and in this respect one of the...”
— Collateralised Debt...

Jul 21st

“One of the impacts of the BIS’ new regulatory...”
— Jules Evans, in January 2001...

Jul 21st

“The Basle Accord was essentially the result of industry...”
— Ed Mayo, executive director at...

Jul 21st

“FedMod is but one example of how many of the same people who...”
— Peter S. Goodman in Back to...

Jul 21st

“In the case of housing, buyers do carefully compare prices —...”
— Paul Krugman in Ketchup and...

Jul 21st

“The total potential federal government support could reach...”
— I Know What You’re Thinking,...

Jul 21st

“CLOs are just financial engineering that hide most of the...”
— Charles Peabody, a banking...

Jul 21st

“Speculation via levered trading, inside info and electronic...”
— King Report: Looking more...

Jul 21st

“The huge profits reported this week by some of the...”
— Binyamin Appelbaum in Rescued...

Jul 20th

“Called “accretable yield,” these mega banks will book income...”
— Keith Fitz-Gerald in The...

Jul 20th

“Another priority is to get a better understanding of...”
— Financial economics:...

Jul 20th

“Credit-default swaps, for instance, didn’t exist a...”
— Roger Lowenstein, in his 2005...

Jul 20th

“The cost of Wal-Mart’s low prices is illustrated by the...”
— Low-wage capitalism (via...

Jul 20th

“The “younger element in Wall Street” who think this is a bad...”
— News from 1930: Friday, July...

Jul 20th

“DRM is dead, isn’t it?”
— Jonathan Lamy, chief...

Jul 20th

“In 1980 Sanford Grossman and Joseph Stiglitz, another...”
— Financial economics:...

Jul 20th

“Although my bank did not describe it this way, an...”
— Roger Lowenstein, in his 2005...

Jul 20th

axinomancy: Our phony economy [published in mid-2008] ...

Jul 20th

“One very experienced chairman said to me, ‘But this...”
— Sir David Walker, author of a...

Jul 17th

“We’ve reached the point where the only people...”
— Arianna Huffington: Shattering...

Jul 17th

“Goldman will surely deny that its risk-taking is subsidized...”
— A Tale of Two Bailouts -...

Jul 17th

“Lets translate this because it’s real simple. Goldman...”
— Eric Salzman in...

Jul 17th

CalPERS Lawsuit "Just the Tip of the Iceberg"...

Jul 17th

“Dressing up bank balance sheets was a first-quarter...”
— David Reilly in Barney Frank,...

Jul 17th

“There are going to be some people who say that some of this...”
— Matt Taibbi - Taibblog - The...

Jul 17th

“To limit the president’s constitutional power to protect the...”
— John Yoo in Why We Endorsed...

Jul 17th

“[…] As such, I can call myself both a capitalist and a...”
— Squashed: You’re all...

Jul 17th

Stunning Profit at Goldman Revives Gilded Pay...

Jul 17th

“Significant excess capacity has been built up and unless...”
— Justin Lin, World Bank chief...

Jul 17th

“The bottom line: we need fewer $800bn firms and more $80bn...”
— Simon Johnson in CIT Down...

Jul 17th

“Goldman Sachs’s comments on its vulnerability to CIT Group...”
— Christine Harper in Goldman...

Jul 17th

“The National Bureau of Statistics of China says the country...”
— Caitlin Kenney in NPR: China...

Jul 17th

“The exemption raises critical questions not only with regard...”
— Tyler Durden in Zero Hedge:...

Jul 17th

“It is worth recalling how the system was supposed to work,...”
— Perry Mehrling in The Global...

Jul 16th

“Goldman also benefited from artificially inexpensive debt...”
— Lucas Puente in Behind Goldman...

Jul 16th

nonolet: tiffehr: Comparing Policy Responses to the...

Jul 16th

“he issuer of the CDO, typically an investment bank, earns a...”
— Collateralized debt obligation...

Jul 15th

“John Meriwether, who roiled global markets when Long-Term...”
— Katherine Burton and Saijel...

Jul 15th

“Berkshire’s shares are looking pretty cheap these days: at...”
— Felix Salmon in Why...

Jul 15th

“Floating the system with money market liquidity, which is...”
— Perry Mehrling, interviewed by...

Jul 15th

“AIGFP created systemic risk out of nothing by mispricing CDS...”
— Mike Rorty in Further Thoughts...

Jul 15th

“Is the recession corroding Americans’ health in addition to...”
— Got a Health Problem? The...

Jul 15th

“A smaller effect, but worth mentioning - times like these...”
— News from 1930: The Weekly...

Jul 15th

Reset Chart from Credit Suisse has a Major...

Jul 15th

“High frequency trading strategies have become a stealth tax...”
— Sal L. Arnuk and Joseph...

Jul 13th

“I know from personal experience that members of Congress and...”
— Wendell Potter, who worked for...

Jul 13th

“As we are unpeeling what was happening on Wall Street, we...”
— Kathleen Engel, a professor at...

Jul 13th

“Someone takes risks and makes money — maybe they were smart,...”
— Richard Bookstaber, a former...

Jul 13th

“As I mentioned in my testimony, the chief result of...”
— Christopher Whalen in...

Jul 13th

“Geithner told a rare joint meeting of the House Financial...”
— Zachary A. Goldfarb in...

Jul 13th

“Over the last decade, Moody’s and its two principal...”
— this is one of those articles...

Jul 13th

financegeek: taitran: Feliciano Rahardjo’s visualization...

Jul 13th

““You spent seven years learning every little nuance of the...”
— here’s another article that’s...

Jul 13th

thedirtycanuck: financegeek: taitran: mary1in: ...

Jul 10th

“The decline in asset value, to $63 billion on June 30 from...”
— Dunstan McNichol in New Jersey...

Jul 10th

“If returns are too good to be true, then it’s too good...”
— William White, former chief...

Jul 10th

“The payments AIG is set to make next week were previously...”
—  AIG to pay more...

Jul 10th

Goldman Sachs compensation per employee. — source...

Jul 10th

“GM now consists of four U.S. brands, has about $11 billion...”
— Jeff Green in New GM Emerges...

Jul 10th

“Paging all regulators: Read Tanta’s posts. Borrower...”
— Calculated Risk: Missing the...

Jul 10th

“in the video, Marsal mentions that his firm hired some 400...”
— Yves Smith in naked...

Jul 10th

“How interesting. A&M was hired before LEH’s...”
— Skeptical CPA: We Are All...

Jul 10th

“It has come out that the losses appear likely to be $130...”
— Yves Smith in naked...

Jul 10th

“Last month, Philipp Hildebrand, vice chairman of the Swiss...”
— Jennifer Hughes in FT.com /...

Jul 10th

“You wanted financial fundamentalism. We want an economics...”
— Umair Haque in The Generation...

Jul 9th

continuum: ...

Jul 9th

“Five years ago, this small factory town was struggling to...”
— what she said. during the...

Jul 9th

chart-o-doom: We’ve Wiped Out All The New Jobs Of The...

Jul 9th

“Political decisions taken over the next five years are...”
— Christian Engström,...

Jul 8th

Regulators to Consider Limits on Oil...

Jul 7th

“Lenders have good reason to worry. Unless the so-called...”
— Dwight Cass in...

Jul 7th

“I can’t, off the top of my head, think of a single...”
— Felix Salmon in Felix Salmon...

Jul 7th

“What you need to know is the big picture: If America is...”
— Matt Taibbi in The Great...

Jul 7th

“After all those losses and bailouts, rank-and-file employees...”
— Eric Dash in Citigroup Is Said...

Jul 7th

“In truth, historians will mark the 20 years since 1989 as...”
— Joseph E. Stiglitz in Wall...

Jul 6th

“The estimated $65 billion involved in Madoff’s flimflam is...”
— Frank Rich in Op-Ed Columnist...

Jul 6th

“Regarding the real estate sector, UBS says that in late...”
— A. Marco in a Finanzas...

Jul 6th

chart-o-doom: moorewr: “YOU ARE HERE” (via...

Jul 6th

“The worst of the recession may be yet to come and world...”
— Gordon Brown, quoted by Sam...

Jul 6th

“As nobody can seriously dispute, the only alternative to an...”
— Judge Robert Gerber of the US...

Jul 6th

“Anyone who believes exponential growth can go on forever in...”
— Kenneth Boulding, Economist...

Jul 6th

“Owners of insolvent or barely solvent banks have strong...”
— George Hanc in 1999, quoted in...

Jul 5th

“I propose a combination of mandatory recapitalisation of the...”
— Willem Buiter in FT.com |...

Jul 4th

“The financial crisis affects both component of productivity...”
— European Commission sees...

Jul 4th

“In the last cycle in the US, 20 years ago, private capital...”
— Henny Sender in FT.com /...

Jul 4th

“the best strategies to improve, or at least not to diminish,...”
— Alessandro Pluchino, Andrea...

Jul 4th

“Much of the oast decades growth int he United States was...”
— Barry Ritholtz in Asian...

Jul 4th

“In the stock market, it happens every day. Brokers lend...”
— FT.com / Wealth - Arne Alsin:...

Jul 4th

Bank Failure Thurdsay Extravaganza

financegeek: crazynutjob: The FDIC took advantage of the long weekend. Seven banks were added...

Jul 3rd

“He suspected Joe Cassano didn’t understand what he had...”
— Michael Lewis in his Vanity...

Jul 2nd

California's budget gap deepens $2 billion...

Jul 2nd

“The superior availability of risk capital in the United...”
— Willem Buiter, in a paper...

Jul 2nd

“Based on analysts’ earnings forecasts for 2009,...”
— Big Pay Packages Return to...

Jul 2nd

“Macro-prudential regulation is about encouraging different...”
— Avinash Persaud, Chairman,...

Jul 1st

Zombie Economy

Jul 1st