Tag Archives: Economic Crisis

Michael Bloomberg – Origins of the Economic Crisis

24

Complete video at: fora.tv Michael Bloomberg, Mayor of New York City and founder of Bloomberg, LP, discusses the origins of the US subprime mortgage crisis. —– Mayor Michael Bloomberg addresses a Georgetown audience on the state of the American economic crisis, the steps that should be taken and the steps that have not yet been taken. He characterizes federal responses to date as being akin to “buying an alcoholic a drink.” Michael Bloomberg is an American businessman, philanthropist, and the Mayor of New York City. He was elected mayor in 2001, then reelected to a following term in 2005. Bloomberg graduated from Johns Hopkins University in 1964 with a single’s degree in electrical engineering, then earned an MBA from Harvard Business School in 1966. His 1997 autobiography was titled Bloomberg by Bloomberg. Bloomberg is the founder and former CEO of financial news and data company Bloomberg, LP

Max Keiser on Greek Economic Crisis by Helen Skopis of Athens International Radio 104.4 FM

21

March 8, 2010 Max Keiser radio interview with Greek journalist Helen Skopis of Athens International Radio discussing the Greek economic Crisis, the IMF and the situation of the Eurozone. This is the first time I have ever uploaded anything to YouTube so please forgive any signal “glitches”. I wanted to get this interview up and out there. Helen Skopis’s Blog: hermesxpress.pblogs.gr

How Did Homeowners Take Advantage of Rising Housing Prices by Refinancing?

3
refinancing

In many writeups on the current economic crisis that I’ve read, I frequently see reference to how homeowners, in a speculative bubble, implicit that their real estate values would go up, after which they would refinance, and reap some subsidy, etc. I’m looking for an explanation of how rising prices would enable refinancing, and then, what subsidy would be gained by doing so. Thanks.