Whenever I wade into a new topic like digital photography, gardening or what have you, I visit the local bookstore and get a “For Dummies” book to guide me. I figure that it’s the best way to get up-to-speed quickly without actually looking like a dummy.
So, for those of you who want the 3-minute [...]

By now, you have probably heard that Warren Buffett has made his bet and invested billions of dollars in Goldman Sachs. The market reacted positively and Goldman is now trading at near $133 a share (up 6% on the day).
While I do see Buffett’s move as a vote of confidence in Goldman, Buffett does [...]

Because it seems like it’s all bailout all the time in the news these days, I thought I’d use today’s news round-up to highlight a few issues going on outside of the U.S. bailout plan. From my last two posts about the Canadian and Danish residential property markets, you can see that the underlying problems [...]

Canada, along with Australia, ranks as one of the two last major bubble markets to remain relatively immune to the types of house price falls we have seen in the UK, Ireland, the U.S. and Spain. Yes, there has been some damage in Alberta, where prices had been rising too rapidly. But the [...]

The U.S. and the UK are not the only countries suffering from a housing bust and a credit crisis. Ireland and Spain have had massive busts as well and it is only a matter of time before we begin to see affects on the banking sector. And there are many other countries that [...]

Below are the latest major credit crisis stories from the web that I have seen. Most of these stories have more to do with raising capital, merging, and bankruptcy than writedowns. Quite honestly, I have been caught up in the bailouts so I may have missed a few, so please call me out on anything [...]

Right now, it is all bailout all the time Everyone is talking about the Paulson mortgage bailout proposal. This is the news that dominates the headlines.
My opinion about the proposal is that the proposed measures do not require the urgency being imposed on the U.S. Congress. The Bush Administration is attempting to create [...]

Apparently Lehman not only failed, it left a gaping hole its accounts. The UK pension scheme is missing £100 million. UK regulators certainly need o investigate whether the shortfalls are the result of criminal activity.
However, pensions are certainly something lurking in the background that I have failed to discuss. As the stock [...]

“Section 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”
Sounds like Paulson wants an opaque, shadowy bailout where he and his cronies can dictate the terms of who gets money [...]

While you have your eye firmly peeled on the financial mess splayed in front of you, other industries are busy setting themselves up to profit from close business ties to the Bush Administration before a new Sherriff comes to town.
The defense industry is first on that list.Bloomberg reports that the Bush Administration had been looking [...]