Most people thought it would be a euro collapse or the second wave of home mortgage foreclosures that would bring about the next financial crisis. Now we learn it may instead be the seemingly benign institution of student loans that brings the whole thi ...
Tag: Bankruptcy
Blog Post - April 13th, 2012
All terms: Bankruptcy, Debt, Debt, Financial Crisis, Free Market, Government, Government Intervention, Monetary System, U.S. Taxpayer
Blog Post - February 10th, 2012
After long months of wrangling, the U.S government and 49 states announced yesterday a settlement agreement in the bank foreclosure scandal. But despite the tough negotiating stances taken by some states attorneys general, the end result represents only ...
All terms: bailout, banking, Bankruptcy, Barack Obama, Fannie Mae, financial regulation, Government, GSE, Housing Market
Blog Post - December 16th, 2011
Do you remember how shocked everyone was about Enron? The recent 10-year anniversary of the Enron scandal has inspired a rash of near-nostalgic essays looking back at the roots of what was then the largest bankruptcy in history and its impact on the liv ...
All terms: Bankruptcy, Federal Reserve, Government, Greece, Italy, Monetary Policy, Wall Street
Feature - December 14th, 2011
Almost every full-service airline has filed for bankruptcy—American Airlines parent company AMR was the last of the legacy carriers to file for bankruptcy when it sought court protection in late December. According to research economist Severin Borenste ...
All terms: Bankruptcy, banks, currency, Debt, Default, mortgages, Fundamentals
Feature - December 14th, 2011
Never trust your wealth to paper, nor to 1s and zeros stored on a silicon chip.
That advice holds true whether you’re talking about paper fiat currency , or whether you’re trading in on a commodities exchange or exchange traded fund (ETFs). The s ...
All terms: Bankruptcy, commodities, Current Analysis, Derivatives, Exchange Traded Funds, fiat currency, Gold, IMF, Options, Ponzi Scheme
Blog Post - December 13th, 2011
With the recent demise of MF Global, and as the smoke clears, it’s becoming more and more clear what happened: rogue trading by the firm’s brash CEO Jon Corzine and lax regulation by, well, pretty much all of MF Global’s regulators. The course of events ...
All terms: Bankruptcy, banks, Government, Personal Finance, U.S. Dollar, United Kingdom, United States
Blog Post - November 4th, 2011
Just as the Occupy Wall Street movement appears to be picking up steam and gaining more clout, its nemesis, the oversized investment firms that have enriched those 1% the protesters are yelling about are on a downhill slide.
The most recent implosio ...
All terms: Bankruptcy, Bonds, Central Banks, cycles investing, Debt, Goldman Sachs, Government, Greece, Wall Street
Feature - October 5th, 2011
As we sit three years removed from the failure of every major investment bank in the world, it’s easy to look back at the crisis and think we have taken our licks and learned our lessons. The simplest and most frequently told story is that the U.S. gove ...
Blog Post - April 20th, 2011
In today’s video blog, Michael Maloney gives us an update on the Russian St. George gold coins that turned up with rust spots and tarnish in recent months, making headlines and sparking the rumor that the Russian central bank was selling debased coins. ...
All terms: Bankruptcy, buy gold, Commodities, Debt, Gold, Government, Russia, Current Analysis
Blog Post - January 5th, 2011
As shown in the chart below , consumer (non-business) bankruptcy filings dropped sharply in 2006 in response to a new federal law that made it more difficult for filers to have their debts forgiven.
The Bankruptcy Abuse Prevention and Consumer Pr ...
All terms: Bankruptcy, Consumer Confidence, Consumer Debt, Debt, Personal Finance