News Tidbits: 5 Aug 2008

| 5 August 2008 07:44

Riches to Rags – NY Times (article about Kevin Phillips’ Bad Money — great book)

Credit crunch: The blame game – BBC News (Interesting compilation of pundits’ take on who caused the crunch)

Wary investors see banks as cheap – BBC News (I think some banks are not cheap — they are going to zero.)

Repel the calls to contain competitive markets – FT (Self-serving Greenspan acts as pundit)

Only luck can save America’s economy – Clive Crook, FT

Northern Rock loses $1.2 billion as bad debts surge – MarketWatch (Was Northern Rock insolvent because it made bad loans or did it suffer poor liquidity?)

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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