Tag archive for ‘Era’
Reserve Money Market Fund Collapses as Lehman default spreads through the market’s balance sheets.
The “Reserve Primary Fund”, just saw its shares fall below $1 a share. For all intensive purposes - this means that the money market fund has collapsed. This is the first, and perhaps most cataclysmic implosion following the wake of Lehman Brother’s collapse Monday morning.
What a Lehman Brothers Bank failure could mean for the US economy and banking system.
Even if Lehman can find a buyer, the venerable bank founded by Mayer Lehman in 1850, will be gone forever. Leaving only Goldman Sachs as the final bank standing of those banks that became New York financial titans founded by Jewish immigrants of the mid 1800’s.
Home Mortgage and Financial Turmoil Continues, is the end in sight?
Is this the end? Only time will tell - but it seems we’re in for another round of government intervention, emergency lines of credit, and Fed acrobatics.
Post 9/11 - Are we safer?
For me, 9/11 isn’t something I watched on TV…. I lived it…. and the reminders of it are ever present in Washington, D.C. Tomorrow the former 9/11 Commission members will release a report stating that the United States is “dangerously vulnerable” to another attack. That is just plain wrong.
Olbermann and Matthews … finally get the hook.
Not that I needed to be told that the New York Times was biased, but this report by Brian Setler is hilarious. Announcing that MSNBC is taking the Olberman/Matthews ticket out of the drivers seat (and perhaps checking them into anger management therapy), he states, “MSNBC tried a bold experiment this year by putting two [...]
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