Yes, Prime Minister?

More Krugman – Moment of Truth – NYTimes.com. “Let’s talk about where we are right now. The current crisis started with a burst housing bubble, which led to widespread mortgage defaults, and hence to large losses at many financial institutions.

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For every DOWnside, there’s an upside.

With the DJIA falling below 9000 points today, it’s reassuring to know that, right? Paul Krugman, in his Blog at the NY Times reminds us that “[o]n a separate note, one good thing is that there haven’t been any reports of people on Wall Street jumping out of windows.

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Paul Krugman agrees…

in the NYTimes after the US House of Representatives voted „no“ on the Wall Street bailout plan. He’s right of course, that „flip-flopping“ on issues like this in the way it happened isn’t exactly a sign of a well functioning representative democracy. On the other hand, it’s also true that this vote is a sign […]

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Die Rolle der Rating-Agenturen unter der Lupe

So eine Krise (hier die auf den internationalen Kreditmärkten) hat ja oft auch heilsame Effekte. So berichtet Spiegel Online, daß nun eine der bedeutendsten, aber überaus intransparententen Variablen der globalen Finanzwirtschaft zumindest mal ein wenig näher betrachtet wird – „Zu spät, zu nachlässig, zu zaghaft: EU-Kommission und US-Politiker machen die großen Rating-Agenturen für die Kreditkrise […]

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