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Non-Tech
Credit Boom and Bust
An SI Board Since July 2007
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Emcee:  Sam Citron Type:  Unmoderated
"The mania part of the story is familiar: a new invention will revolutionize the economic landscape and bring forth unimaginable profits. The abundance of credit, coupled with leverage (buying with borrowed money), accelerates this process and buying leads to more buying. Then comes the panic: some event shakes confidence and wakes up investors to the mania that has clouded their judgment. This panic leads to a crash: borrowed money needs to be repaid and investors will sell anything at any price to meet the bankers' needs."

N. Tsafos' review of Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) by Charles P. Kindleberger
amazon.com

banktracker.investigativereportingworkshop.org
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165"Republicans said they now expect Democrats to jettison a $50 billion fund veritas501-4/29/2010
164<b>The Senate Democrats sell out once again!!!</b> The industry paveritas501-4/28/2010
163Profits for Buyout Firms as Company Debt Soared [NYT] By JULIE CRESWELL nytimes.Sam Citron-10/5/2009
162<b>Banks Brace for Credit Card Write-Offs</b> By ERIC DASH and ANDRGlenn Petersen-5/11/2009
161Consequences: <b>After the Bank Failure Comes the Debt Collector</b>Glenn Petersen-4/16/2009
160<b>Bank of America, AmEx May Suffer on Card Defaults (Update3)</b> Glenn Petersen-3/17/2009
159On December 31, 2008, AIG funnelled $93 billion of its then-$173 billion bailoutJimmy08-3/17/2009
158AIG Can Be Salvaged By a Breakup By RON SHELP Two weeks ago the insurance giantSam Citron-3/17/2009
157U.S. banks suffer 149 percent rise in bad loans msnbc.msn.com New data on each oSam Citron-3/17/2009
156<b>The Tsunami That Buried a Wall Street Giant</b> By MICHIKO KAKUTGlenn Petersen-3/15/2009
155U.S. sovereign-credit spreads rise sevenfold in year Risk gauge outpaces measureSam Citron-3/11/2009
154BofA's Mantra: We're Not Citigroup [WSJ] Lewis Takes Shot at Rival to HiSam Citron-3/10/2009
153Propping Up a House of Cards [NYT] By JOE NOCERA [kw: tbtf titf AIG arbitrage 2Sam Citron-3/1/2009
152In Japan’s Stagnant Decade, Cautionary Tales for America [NYT] By HIROKO TABUCHISam Citron-2/15/2009
151The Bad Bank Rally [nyt] By Eric Etheridge In the last few weeks, the precipitoSam Citron-1/29/2009
150In Echoes Of Madoff, Ponzi Cases Proliferate [wsj] By STEVE STECKLOW Federal anSam Citron-1/28/2009
149Six Errors on the Path to the Financial Crisis [NYT] By ALAN S. BLINDER WHAT’S Sam Citron-1/26/2009
148Nationalization Gets a New, Serious Look [nyt] By DAVID E. SANGER WASHINGTON — Sam Citron-1/26/2009
147Chairman Ben S. Bernanke At the Stamp Lecture, London School of Economics, LondoSam Citron-1/24/2009
146Fixing finance Jan 22nd 2009 From The Economist print edition The world now has Sam Citron-1/23/2009
145The uneven contest Jan 22nd 2009 From The Economist print edition Financial reguSam Citron-1/23/2009
144Sweden’s Fix for Banks: Nationalize Them [nyt] By CARTER DOUGHERTY The Swedes hSam Citron-1/23/2009
143Cost of Borrowing Zooms Up for Corporations [nyt] By JACK HEALY and VIKAS BAJAJ Sam Citron-1/23/2009
142After Sure-Bet Investment Fails, a Bank Contends It Was Duped [NYT] By VIKAS BAJSam Citron-1/21/2009
141Voodoo and Solvency [Seeking Alpha] by: Bill Luby January 21, 2009 | about stockSam Citron-1/21/2009
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