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Tag: "financial system"

AGHAST – A Four Year Review of Musings and Musings on the Present

by Asher B. Edelman April 8, 2008 I said the financial system would need at least 100 times the $30 billion advertised by the Fed as the ultimate need to save the system. I was wrong. Three trillion dollars was not sufficient to save the banks; it took somewhere between $13 trillion (AE estimate) and [...]

April 19, 2012 | 0 comments | View Post

Spanking Banking

by Asher B. Edelman What we are offered as a regulatory scenario is, once again, cronyism! We are presented with a plan that will be unmanageable and permit the same abuses as those that brought on the crisis guided and managed by the same folks who were in control before the crisis and remain in [...]

June 24, 2009 | 0 comments | View Post