A guest post from Constantine von Hoffman, a veteran business journalist who writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog.
The Fed has announced it will now buy commercial paper from money market mutual funds and endorsed the idea of another economic stimulus package. Far be it from me to turn […]

Politics caused the global economic crisis. Can politics fix it? Doubtful.

A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
When both Citigroup and Merrill Lynch both came out with staggering losses recently, I don’t think many people were all that […]

Guest post from: Constantine von Hoffman, a veteran business journalist who writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog.
Once upon a time the US actually had a law in place that would have at least hindered the current mess. Not surprisingly, that legislation ““ the Glass-Steagall Act ““ came out […]

Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage. If you believe in the United States of America then you will believe in: JPMorgan Chase (which includes Bear Stearns and Washington Mutual); Bank of America (which includes Merrill Lynch); Wells Fargo (which includes […]

Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage. The market was up strong yesterday. Other than the shares of bank stocks, you have to wonder why. The worldwide central bank bailout is not intended for the equity investor, or general public, or […]

This guest post is from: Constantine von Hoffman, a veteran business journalist who writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog. If you’d like to submit a guest post drop me an email.
The media was positively giddy over yesterday’s huge rise by the Dow and other major markets. Unfortunately, it is […]

Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage.
Not all that much seems to have come from the G7+ meeting this past weekend. We somehow expected more than: “The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up […]

Once we have moved past this current economic crisis, Fannie and Freddie must be fully privatized.

I’m glad Hank Paulson is standing firm on his $700 billion bailout that he’s burdened us with. In his speech today he said that the bailout doesn’t protect every bank from failing. Phew, now I feel better that the $700 billion is not just the first round of drinks, but rather the entire bar […]